6.5 Short-term Fluctuation Adjustment Focus on 10.55, Midday Bitcoin and Ethereum Market Analysis Strategy

Yesterday's midday article suggested going long on Bitcoin at 10.5/10.38, and for Ethereum, a short position was suggested at 2660. Bitcoin's narrow fluctuation did not yield profit, while the Ethereum short position reached the target point, gaining 60 points.

From the daily chart perspective, Bitcoin maintained its price around the daily MA30 moving average yesterday. Currently, the price has dropped below the level of 10.55. We need to monitor whether the price can break through and stabilize above 10.55 within the day. From a 4-hour perspective, the short-term resistance level is at the upper MA60/120 moving averages, around 10.6-10.65, and the short-term support level is at 10.5. It is expected that the day will mainly be characterized by narrow fluctuations and adjustments.

From the daily perspective of Ethereum, the market once again tested the daily MA256 moving average at the resistance level of 2670 yesterday. Below, it remains at the MA5/10 moving averages. We will continue to monitor whether it can successfully break through and stabilize at 2670. If it breaks through, we can follow the trend to go long; otherwise, we will continue to observe the range of fluctuation adjustments.