6.9 Early Morning Bitcoin Ethereum Market Analysis ~ Weekend trading volume is sluggish, the market is leaning towards consolidation. Can Bitcoin stabilize under the pressure of 106800?

The high sell and low buy strategy laid out early yesterday morning was successful, with Ethereum also successfully making profits. It’s a pity that the low point was not caught; congratulations to those who followed along.

The weekend market fluctuates little and leans towards slight consolidation; currently, Bitcoin's daily price has again run above the MA 5 and 10-day moving averages. The current middle track of the BOLL band is a dividing line for short-term bullish and bearish sentiments. If Bitcoin can stabilize at the middle track when the daily line updates tomorrow, it will continue the bullish rebound trend. Combined with the 12-hour line, the current K column has experienced a 5 consecutive bullish trend, with the price slightly rebounding relying on the MA 5 and 10-day moving averages. The downward pressure of the MA 30-day moving average is beginning to flatten, and the BOLL upper band is showing signs of opening. The TD indicator has reached TD4; as long as the price does not break below the MA 5 and 10-day moving average support in the short term, bullish sentiment will continue. The price must stabilize at the 106800 level for bullish space to open up.

Currently, after closing the 4-hour line in the early morning, the price is slightly rising relying on the MA 5 and 10-day moving averages. The MACD and KDJ indicators are slightly resonating towards an upward trend, and the BOLL upper band is showing signs of opening. In the hourly line, the current market leans towards a slight upward trend, with low support at the 105000 level and high resistance at 106800. Bitcoin can only open up more space if it stabilizes, so for early morning operations, my personal opinion is to focus on low buying with high selling as a supplement. (To avoid a door-opening trend) would be more prudent.

Trading strategy: 106800-107300 sell Target: 105500-104500 will do Stop loss: 107600

Buy point reference at: 105200-104500 level Target: 106800-107500

Ethereum's overall trend currently basically synchronizes with Bitcoin, but its strength and resistance to decline are weaker than Bitcoin. Additionally, there is strong resistance on the daily and 12-hour lines; high resistance is referenced at the 2540-2570 level, and low support is referenced at the 2490-2460 level. Therefore, the short-term view is consistent with Bitcoin, maintaining a focus on low buying with high selling as a supplement.

Trading strategy: 2540-2570 sell Target: 2500-2480 will do Stop loss: 2590

Buy point reference at: 2500-2470 level Target: 2540-2570 will do

For the short-term trend, it is expected to be sufficient, and I will continue to follow up.