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Daily Market Analysis in the Crypto Sphere (6.16)
Summary:
The second move of the 4-hour chart below the pink daily line at $BTC has not yet completed. The rebound targets are 106400, 107500, and 108300. As mentioned the day before yesterday, the current rebounds are all dead cat bounces. Once this move completes, it will fall at least to break 102600 to complete the structure of the pink daily downtrend. If the downward momentum increases and successfully breaks 100300, it will still be a continuation structure of the pink daily downtrend. The lower targets can be seen at 93400-96000. The pressure above today is at 106400, 107500, and 108300, with support below at 104300 and 103000. Until the direction is established, trade within the range, with both large and small level strategies and operations clearly written out. Don’t say you don’t understand; if you don’t understand, there’s nothing I can do. When you need it, it’s all about 'sister Fei', and when you don’t need it, it’s all about 'Diao Mao'. If you want to receive daily strategies in the long term, check the registration link for more information.

Daily Operations:
Short around 106500
Long around 104500