6.10 Tuesday, Latest Bitcoin Market Analysis

In the early hours, the price of Bitcoin surged strongly, continuously breaking through key resistance levels, and after surpassing the 109,000 mark, it approached the 110,000 integer level with a strong bullish candle. Ethereum also rose accordingly, quickly climbing to around 2,650. After a strong breakout, it returned to the 110,000 mark, and currently, there is a certain amount of retracement space, which is a normal phenomenon.

Currently, the trend of Bitcoin is gradually evolving from hourly levels to daily levels, with a strong and abrupt bullish candle forming on the daily chart. From the four-hour level, the K-line has significantly surpassed the upper Bollinger Band, becoming a leader. From the hourly level, the three Bollinger Bands are rising, proving that the bullish trend has not diminished, and it is currently in a stage of accumulation and energy storage. In the morning, we look for a retracement.

Bitcoin around 109,500 for a bullish target of 111,500.

Ethereum around 2,620 for a bullish target of 275,093,812,013,396,183,673,189,963,175,287,074,413,247,225,566,355,781,078,307,967,499,595,443,403,816,224,769,695,820,18.