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June 22 Xi Xi Morning Discussion:
Candied oranges are bouncing around 63,000 and rushing up to a new high of 65,590, but the selling pressure at high levels feels like "divine justice," continuously closing lower to crush back to 63,900; Er Gouzi also joins the fun, surging to 1,779 then performing a "plunge show," now sitting around 1,730. Both coins are showing a "long upper shadow with a pullback"—the bulls just shouted "I can do it," and the momentum instantly turns into "I give up."
From the 4-hour structure: long upper shadow + consecutive decline + lower high, the bullish momentum is squeezed more cleanly than a worker’s weekend, with selling pressure continuously output like a "death sentence," leading to a short-term passive acknowledgment of weakness. The high-level long upper shadow stacking buffs, the volatility elasticity is fully maxed out, but the rebound strength? Sorry, as weak as a worker’s spirit on Monday morning~
Around 64,200-64,700 🈳, watch: around 63,200-62,400
Around 1,740-1,760 🈳, watch: around 1,700-1,670
All above are for entertainment sharing only and do not constitute any investment advice.
Many times in life, we are left alone. Just like a lighthouse on the vast sea, quietly guarding its own island to resist the loneliness day and night. $BTC $ETH