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6.9 Evening Market Analysis, Can the Rebound Continue?

Evening Market Analysis

The market always favors those who are prepared. In the afternoon, the market experienced changes; after a brief sideways adjustment, the major cryptocurrency exhibited a strong upward trend. After breaking the key level of 106500, it demonstrated a strong continuation, reaching above 107000 and currently maintaining high-level oscillation adjustments. After breaking the recent high, it also keenly captured the continuation of this rebound. The altcoin is currently oscillating around 2540.

Overall, the market showed a rapid surge, quickly breaking above the key level of 106500. After piercing the middle track on the daily chart, we need to observe the stabilization situation; before the large bullish line on the four-hour chart completes, it will test the previous resistance level near 108000, with a strong continuation expected to look towards 109000. If it fails to break through, it may face resistance and pull back to 106500.