6.17 Afternoon Insights and Operational Suggestions
BTC
Bitcoin surged to around 109,000 last night before pulling back, retracing over 3,000 points and rebounding again, indicating that this wave of rebound has not yet run its course. Continue to pay attention to the four-hour level support at 1,067,000 during the day. As long as this level does not break, the trend will continue to rebound and push higher. Long positions can be monitored near this support with a stop loss at 106,000. The rebound target resistance is at 109,000 and 110,000. Short positions can reduce or exit at this resistance, while long positions can continue to try in this resistance range, controlling the position well. If the four-hour close breaks 106,700 during the day, then short positions can be abandoned, indicating the end of this rebound, and the trend will continue to explore downwards, with support targets at 104,500, 103,700, and 102,600.
ETH
Ethereum is currently experiencing a small-level rebound. Focus on the 2,590 position during the day, to see if it can stabilize at the four-hour level. As long as the four-hour close does not break this position again, the trend will continue to rebound slightly, with target resistance at 2,622 and 2,680. Long positions can continue to be monitored around 2,680, with defense at 2,700. Control the position well; if the four-hour close breaks 2,590 again, it indicates the end of this small-level rebound, and the trend will continue to make a second downward exploration, with lower support targets at 2,487, 2,435, and 2,380.
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