June 19 Morning Auntie Trading 🍜 Poetry Perspective

Linked to Bitcoin's weakness, rebound faces resistance and continues to look bearish!
Auntie's movement is highly correlated with Bitcoin, starting from the high of 1848 with a sustained downward trend, weakening in sync yesterday and gradually declining, with the lowest touching 1670, bulls unable to mount a counterattack throughout. Yesterday's strategy was aligned with Bitcoin, mainly shorting on rebounds.
The complete downward channel on the 4-hour chart remains, with consecutive bearish candles releasing bearish momentum, and after hitting the bottom at 1670, a slight bullish close to stop the decline, purely a technical oversold correction, with serious lack of buying power from the bulls, and rebound strength weaker than Bitcoin, overall bearish pattern unchanged.
Resistance levels: 1728-1738, 1760
Support levels: 1670, 1695
Trading suggestions:
1. During the rebound in the 1728-1738 zone, encounter resistance and pull back to lightly short, target 1698-1675, stop loss above 1750; if it stabilizes above 1760, cancel the short plan.
2. Wait for a steady pullback to 1675-1690 with a bullish close for a small long position, short-term target 1720-1730, stop loss below 1668; if the low of 1670 is broken, stop long and follow the short trend. $BTC $ETH