6.22 Morning Market Outlook



Good morning, a new week begins, and a brand new market cycle officially kicks off!
Yesterday afternoon, the market held steady at the rebound high of Silk Road, relying on the 64,600-65,100 resistance zone to position within the range, and the market played out, dropping over 1,300 points, with the short-term momentum perfectly landing.

Currently around 63,300, after a short-term pullback, there is a slight low-level consolidation, and the overall bearish structure has not changed. Today's overall strategy remains to focus on rebounds to the high of Silk Road.
The short-term resistance is locked in the 63,800-64,300 range, with support tested at 63,250. If support is broken, the downward space will open again. Do not blindly buy the dip in the short term.

Trading strategy
In the short term, if the rebound reaches the 63,800-64,300 resistance zone, consider lightly adding to long positions, with the first target at the 63,250 support. If broken, follow the trend toward the previous low near 62,200. If the rebound stabilizes above 64,360 and shows strength, then temporarily adjust your strategy, control position sizes, and strictly follow risk management. $BTC $ETH #美伊谈判推迟
BTC-0.77%
ETH-0.50%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned