6.11 Early Morning Analysis

Currently, the Bitcoin has started to rebound from the previous high of 109,852 and is oscillating between the previous low of 108,282 and the previous peak, showing a weak overall trend. However, there is an increase in volume at lower levels, indicating that some buyers may be trying to enter the market for testing purposes, suggesting a possibility of stabilization in the short term.

From a short-term perspective, the downward trend has not yet shown a clear reversal signal, and it is about to face a directional choice. If the market can effectively break through the moving average resistance and hold, it may challenge 109,852; conversely, if the support level of 108,282 is broken, it may open up further downward space. Considering the current trend, a cautious strategy is recommended.

Recommendations:

Bitcoin: Engage in cautious trading around 109,500-110,000, targeting 107,000-108,000.

Altcoin: Engage in cautious trading around 2,750-2,790, targeting 2,680-2,650. #BTC走势分析