6.11 Afternoon Analysis

Last night, the performance of the US stock market showed a noticeable fluctuation, and its low opening had a ripple effect on the market. The main asset was affected and dropped all the way, hitting a low of 108200, exactly reaching the key level mentioned in our previous analysis. After that, the market experienced a dramatic reversal, and after the closing, the main asset surged back strongly to 110000.

From a technical analysis perspective, the daily candlestick for the main asset formed a hammer. This candlestick pattern is usually regarded as one of the important signals for a market reversal, with a long lower shadow indicating that during the market downturn, buying power actively intervened at low levels, preventing further decline, suggesting that in the short term, the market's upward momentum has decreased, and buying power is starting to gain strength.

Suggestions

Main asset: Buy around 109000-108300, target around 110700-111200.

Secondary asset: Buy around 2770-2740, target around 2800-2840. #BTC走势分析