6.11 Initial Thoughts Analysis in the Early Morning
Daily level analysis shows a strong rebound trend. After experiencing a sharp decline, the price has welcomed a strong rebound, which, after ending, has entered a phase of high-level consolidation. Resistance may appear quietly.
In the four-hour level, multiple consecutive candlesticks show a clear downward trend, and the lows are exhibiting a wave-like downward movement, indicating that the short-term market is still in an adjustment cycle, with bearish forces temporarily in control. In the upcoming market, the trend of oscillation and consolidation will continue. Midnight remains high, so set good stop-losses and do not go against the trend.
Trading Suggestions
Bitcoin: Short at 109200-109700, target 107400-108400
Ether: Short at 2750-2770, target 2680-2720
Personal suggestions are for reference only