6.11 Morning Analysis

Yesterday, Bitcoin fell continuously ↓, quickly rebounding after reaching 108,300, leaving a significant long lower shadow on the 4-hour candlestick chart. This pattern indicates strong support in the vicinity. As of now, it has stabilized above 110,000. For Ethereum, after retracing to around 2730, it began to rebound, peaking at the 2820 line.

From the market trend perspective, although yesterday's market presented a bearish trend, this is merely a technical pullback. In the cryptocurrency market, a unilateral rise ↑ without any retracement tends to be unsustainable. Continuous unilateral rises can accumulate a lot of bullish sentiment, and once the bullish power is concentrated and released, the market may face a significant decline ↓. Only through moderate adjustments can the market release pressure sufficiently, laying a healthier foundation for future rises ↑.

Based on the above analysis, we will look for opportunities to buy this morning. In short-term trading, investors can try to open positions with light leverage, first looking for a pullback, and waiting for a drop to lower levels before making further arrangements.

Suggestions:

Bitcoin: Buy in the range of 108800 - 109300, with a target of 111400-110500 and a stop-loss at 108500.

Ethereum: Buy in the range of 2740 - 2770, with a target of 2820-2850 and a stop-loss at 2720. #BTC走势分析