6.20 Evening Mistress Plate 🍜 Poetry Viewpoint

Linked Bitcoin surges higher but encounters resistance, with the rally lagging behind, short-term waiting for a pullback to confirm!
The market moves in sync with Bitcoin, showing a deep V-shaped rebound, strongly rising from the 1678 low point, reaching a stage high of 1733, then facing resistance and pulling back, now consolidating with narrow fluctuations around 1724.
The chart completely follows Bitcoin's rhythm, with weaker rebound strength than Bitcoin, and obvious selling pressure at the 1733 level.
In the short term, profit-taking by bulls is happening, and there is a need for a pullback to confirm support.
As long as 1705, the lifeline for bulls, is not broken, the upward pattern remains intact.
Resistance levels: 1733, 1745
Support levels: 1720, 1705
Trading suggestions:
1. Enter short positions on rebounds in the 1730-1733 range, with a stop loss above 1740, targeting 17200 and 1710 respectively, and hold if it breaks below 1705, looking at around 1690.
2. Buy on dips in the 1718-1720 range, with a stop loss below 1708, targeting 1733-1740, and if it stabilizes above 1735, go for a rise towards 1745. $ETH