Analysis of Bitcoin Market on June 10th, Early Morning.
Currently, the four-hour candlestick shows a bullish EMA arrangement expanding, with the MACD red bars increasing in volume. The price has broken through the upper Bollinger Band at 108500. However, there is a lack of momentum to challenge historical high points, and short-term overbought conditions are evident, suggesting a quick return to the Bollinger Band, entering a range-bound oscillation. The one-hour candlestick shows a general upward trend, forming a relatively long bullish candle, gradually breaking higher, and surpassing the previous range of oscillation. From a daily trend perspective, after a significant rise, there have been two consecutive days of solid bullish candles with buying power dominating. In the early morning operation, there is a tendency to favor the potential outbreak of bearish movement, so please be cautious and ensure proper defense. Specific operations should be based on real-time market data; for more information, please inquire.
Bitcoin; Short near 108500-109000, target at 107500-106000, defense at 109500
Ethereum; Short near 2620, target at 2500, defense at 2650.