June 18 Midday Auntie Ta Pan 🍜 Poetry Viewpoint

High points continue to decline, relying on resistance to short!
In the morning, a synchronized prediction of a weakening Bitcoin was given, with the 1848 high point under pressure, mainly focusing on a high-altitude strategy, and the market moved down to test the 1720 low, which fully matches the morning analysis, with all short positions taken off.
Currently, 1734 is slightly fluctuating at a low level, with a standard downward channel forming on the 4-hour chart, rebound highs continuously decreasing, moving averages in a bearish arrangement, Bollinger Bands opening downward, with the middle band at 1770 forming strong resistance;
MACD bearish momentum is sufficient, and the short-term slight recovery is just an oversold rebound, with no reversal signals appearing.
Resistance levels: 1755-1768, strong resistance at 1790-1810
Support levels: 1730-1738, strong support at around 1720
Trading suggestions:
1. Lightly short in the rebound zone of 1742-1755, with a stop loss above 1792, target 1730-1725. If support at 1720 breaks, look towards 1708, and reduce positions in batches at short-term support.
2. After testing 1720-1730 and stabilizing, re-enter long positions at lower levels, with a stop loss below 1706, target 1752-1763; if 1720 is effectively broken, pause long positions and wait for 1690 support to stabilize before going long again. $BTC $ETH