📊 2026.06.17 Pre-Market Observations
After the breakout, the market has entered a chop zone!
☕️ Good morning, traders.
Yesterday, the market rallied strongly, breaking out of the consolidation range and reclaiming key resistance levels.
However, after the breakout, the market didn't accelerate further but instead entered a pullback confirmation phase, with overall volatility beginning to tighten.
This phase tends to be the easiest for traders to get wrecked:
Bullish traders hesitate to chase at high levels;
Bearish traders think the price has risen too much and want to short the top;
As a result, both sides are vulnerable to being liquidated by the market.
At this stage, being patient and waiting for clearer signals from the market is more important than frequent trading.
🟠 BTC
📍Support: around 64700
📍Resistance: around 66500
BTC maintains above the support level after breaking out of the consolidation range.
Next, focus on:
👉 Whether buying pressure can continue around 65000
👉 Whether noticeable selling pressure appears around 66500
👉 Market reaction after the pullback
👉 Whether the breakout can ultimately convert into a trending market
🔵 ETH
📍Support: around 1760
📍Resistance: around 1830
ETH is following BTC's bullish trend.
Currently, the price is back above the key support area, and the overall structure looks healthy.
If the support holds during the pullback, aggressive traders might consider looking for low-risk long opportunities.
Next, focus on:
👉 Whether support around 1760 holds
👉 Whether bullish funds continue to flow in
👉 Long opportunities after the pullback support
👉 Whether ETH can maintain its strength over BTC
👀 Key Observations Today
🔥 U.S. stock market trends
🔥 U.S.-Iran situation dynamics
🔥 Changes in market sentiment
Currently, market fear sentiment has clearly eased,
but there is still some distance to a truly optimistic phase.
The breakout is just the first step,
as it determines whether there is room for further upside.
🎯 My Trading Plan
✅ No top or bottom guessing
✅ Wait for pullback confirmation
✅ Strictly follow the trading plan
✅ If unsure, stay on the sidelines
💡 Today's Principle
The market is never short of opportunities,
it's the patience to wait for them that is lacking.
Today, I'd rather miss out
than make trades outside my plan.
❓ Do you think this breakout is real?
A: A new round of uptrend has begun
B: It will pull back after the breakout
C: It will continue to consolidate
Feel free to leave comments for discussion👇
⚠️ The above content is just personal trading observations and does not constitute any investment advice; please manage your risks carefully.🚨
After the breakout, the market has entered a chop zone!
☕️ Good morning, traders.
Yesterday, the market rallied strongly, breaking out of the consolidation range and reclaiming key resistance levels.
However, after the breakout, the market didn't accelerate further but instead entered a pullback confirmation phase, with overall volatility beginning to tighten.
This phase tends to be the easiest for traders to get wrecked:
Bullish traders hesitate to chase at high levels;
Bearish traders think the price has risen too much and want to short the top;
As a result, both sides are vulnerable to being liquidated by the market.
At this stage, being patient and waiting for clearer signals from the market is more important than frequent trading.
🟠 BTC
📍Support: around 64700
📍Resistance: around 66500
BTC maintains above the support level after breaking out of the consolidation range.
Next, focus on:
👉 Whether buying pressure can continue around 65000
👉 Whether noticeable selling pressure appears around 66500
👉 Market reaction after the pullback
👉 Whether the breakout can ultimately convert into a trending market
🔵 ETH
📍Support: around 1760
📍Resistance: around 1830
ETH is following BTC's bullish trend.
Currently, the price is back above the key support area, and the overall structure looks healthy.
If the support holds during the pullback, aggressive traders might consider looking for low-risk long opportunities.
Next, focus on:
👉 Whether support around 1760 holds
👉 Whether bullish funds continue to flow in
👉 Long opportunities after the pullback support
👉 Whether ETH can maintain its strength over BTC
👀 Key Observations Today
🔥 U.S. stock market trends
🔥 U.S.-Iran situation dynamics
🔥 Changes in market sentiment
Currently, market fear sentiment has clearly eased,
but there is still some distance to a truly optimistic phase.
The breakout is just the first step,
as it determines whether there is room for further upside.
🎯 My Trading Plan
✅ No top or bottom guessing
✅ Wait for pullback confirmation
✅ Strictly follow the trading plan
✅ If unsure, stay on the sidelines
💡 Today's Principle
The market is never short of opportunities,
it's the patience to wait for them that is lacking.
Today, I'd rather miss out
than make trades outside my plan.
❓ Do you think this breakout is real?
A: A new round of uptrend has begun
B: It will pull back after the breakout
C: It will continue to consolidate
Feel free to leave comments for discussion👇
⚠️ The above content is just personal trading observations and does not constitute any investment advice; please manage your risks carefully.🚨