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6.20 Morning Auntie Pan🍜 Poetry Fate Viewpoint
Oversold slight rebound, the bearish trend remains unchanged!
After spiking to 1809 and forming a stage high point, it continued to decline, with a large bearish candle volume probing the 1670 low point, now at 1705 relying on the low point for narrow-range oscillation and recovery.
The overall trend completely follows Bitcoin, with a slight rebound after overselling and a stop-loss candle, but multiple layers of trapped selling pressure above suppress the rally, and the bullish rebound volume is insufficient. Currently, it is only a weak correction after a decline, and the medium-term bearish adjustment trend has not reversed.
Resistance levels: 1722, 1745
Support levels: 1690, 1670
Trading suggestions:
1. Enter short positions on rebounds in the 1720-1740 range, with a stop loss above 1748, and target successively at 1690 and 1670. If it breaks below 1670, hold for a new low.
2. Buy on dips in the 1670-1690 range, with a stop loss below 1665, and target 1720-1730.$BTC $ETH