$ETH

June 11 Afternoon Bitcoin/Ethereum Market Analysis and Trading Thoughts

From the current market perspective, after a single bullish rise on the daily chart, Bitcoin has formed a doji candlestick pattern, and today’s closing is at a high position, indicating a technical pullback correction phase. The doji candlestick has a significant lower shadow, indicating strong resistance below. On the four-hour structure, after breaking through the upper band, it has maintained a wide range of oscillation, indicating a phase of consolidation with back-and-forth between bulls and bears.