Recently opened a physical restaurant, dedicating most of the energy to the restaurant, which has delayed the cryptocurrency aspect a bit, resulting in fewer article updates, but daily market suggestions are still posted in the internal group.

Without further ado, let's summarize the recent events' impact. The US and China resumed high-level economic and trade dialogues in London on June 9 for two days. This meeting focused on two core issues: China's restrictions on rare earth exports and the US's export controls on technology products to China. Although both sides expressed cautious optimism during negotiations, whether this will bring substantial change to the increasingly tense US-China trade relations remains uncertain.

Secondly, with the US showing an increasingly open attitude towards cryptocurrency regulation, coupled with the success of publicly traded company MicroStrategy continuously buying Bitcoin and achieving substantial unrealized profits, more and more public companies are being encouraged to initiate Bitcoin reserve strategies. Among them, the asset management giant BlackRock's Bitcoin spot ETF (IBIT) has once again written a new chapter in ETF industry history, taking 341 trading days to surpass an asset management scale of 70 billion USD, breaking the previous record of 1691 days set by the largest gold ETF. BlackRock currently holds 582,000 Bitcoins, with a total value exceeding 62 billion USD, an average acquisition cost of 70,086 USD per Bitcoin, resulting in total profits of about 21.2 billion USD.


In terms of cryptocurrency, influenced by the US-China negotiations, Bitcoin briefly broke through the 110,000 USD mark around 5 AM on the 10th, reaching a high of 110,650 USD, but has since retreated, with the current quote at 108,800 USD, a 24-hour increase of 0.42%.


Bitcoin four-hour chart



Bitcoin's price is currently at a high level, close to the upper band of the Bollinger Bands. The rapid rise of the middle band indicates that the overall trend remains upward. As long as the price does not drop below the middle band support level of 106,500, the bullish pattern will remain unchanged. The KDJ three-line values are all running at high levels, but the J value has already turned down, indicating a signal of a pullback after overbought conditions. A turn after entering the overbought zone usually signals a short-term peak.


The MACD indicator shows that the DIF line value is significantly above the DEA line value, maintaining a clear golden cross state. Although the MACD histogram is still red, it has started to shorten, indicating that bullish momentum is weakening. If the MACD histogram continues to shorten or even turns green, it means that the short-term upward momentum is diminishing, and bearish pressure is about to emerge.


From the Fibonacci retracement perspective, the price has rebounded above the 78.6% position (107,066.91). The current price of 108,848.25 is in a high area. If it can break through the 100% retracement level of 111,980, it will open up new upward space. However, if it cannot stabilize in the 108,800-110,000 range, it may fall back to the 61.8% (107,565) or even 50.0% (106,201) retracement area. Overall, although there is short-term pullback pressure, as long as the key support level between 38.2%-50.0% (104,838-106,201) is maintained, the medium to long-term trend remains positive.

Comprehensive analysis: The upward trend has not been broken, and pullbacks can be used for low-position layouts; the middle band support is around 105,000. If effective support holds, the bullish structure remains healthy.

In summary, I offer the following suggestions for reference.

Buy Bitcoin around 106,200, with a stop loss at 105,500, targeting 107,500-109,000.


Instead of giving you a 100% accurate suggestion, I prefer to provide you with the right mindset and trend. After all, teaching a person to fish is better than giving them a fish. Suggestions can help you earn temporarily, but learning the mindset can help you earn for a lifetime! What matters is the mindset, understanding of trends, market layout, and position planning. What I can do is use my practical experience to assist you, guiding your investment decisions and management in the right direction.


Writing time: (2025-06-11, 02:20)

(Text - Master Says Coin) Hereby declare: Online publications have delays, and the above suggestions are for reference only. The author is committed to researching and analyzing investment fields such as Bitcoin, Ethereum, altcoins, forex, stocks, etc., has been involved in financial markets for many years, and has rich practical operation experience. Investment has risks, and caution is needed when entering the market. For more real-time market analysis, please follow Master Says Coin to discuss and exchange ideas together.#加密市场反弹