Brothers, here is the market analysis for the afternoon of June 9th! 🔥🚀
Yesterday, $BTC slightly increased and returned to the fluctuation channel. After a slight pullback this morning, $105,000 has become the key defense line. Looking at the daily chart, this week's repair market may come to a close, and the weekly trend remains healthy. We need to closely monitor the Federal Reserve's interest rate cut rhythm and other fundamental variables. It is expected to continue fluctuating within a range during the day, and the golden cross on the weekly chart has been established, with signals for a new round of market initiation gradually emerging.
$ETH is consolidating in sync with BTC. The 4-hour adjustment has not stopped, and the daily chart still needs technical repair. During the day, we should pay attention to the momentum of breaking the resistance level of $2,500, with strong support between $2,400-$2,450. Altcoins are consolidating alongside mainstream coins, and market sentiment is low, causing the altcoin index to explore lower levels again. We can focus on hot coins in the MEME and ETH sectors. Recently, there have been intensive Alpha point activities in exchanges, and it is recommended to seize the scoring window; the activity on the SOL chain is heating up, and MEME concept coins may have speculative opportunities in the short term.
BTC has support at $104,700-$105,200 and resistance at $106,000-$106,500; ETH has support at $2,400-$2,450 and resistance at $2,550-$2,600. It is recommended to buy low and sell high within the range, waiting for the trend to become clear.
