June 11, 2025

After two weeks, Bitcoin has once again touched $110,000, and Ethereum briefly broke $2,800. It can be said that if it weren't for Ethereum's recent strong performance, just looking at Ethereum's price, it has broken through the resistance level. However, the key to the overall market still depends on Bitcoin. Currently, Bitcoin is facing some pressure at $110,000, and breaking through this historical high is not simple. Although we all know that once a new space opens up, Bitcoin still has a potential increase of several tens of thousands of dollars.

From the current internal and external situation, there is enough space left for the cryptocurrency market. Therefore, from this perspective, continuing to hold boldly is not a big issue, especially for Bitcoin and Ethereum, one has limited downside, and the other is strong recently. Of course, considering the resistance level, if you find the repeated fluctuations in the market quite torturous, you might consider taking some positions at this level to make a swing trade, after all, it is a historically significant resistance level.

It seems that everyone has also noticed that besides Ethereum's strength, the DeFi sector has once again entered investors' sights, such as AAVE and UNI. I have always said that if you want to do value investing in the cryptocurrency market, the income-generating DeFi sector is definitely worth participating in. I remember very clearly, when Ethereum fell below $2,000, I was still recommending these projects, and currently, the returns look pretty good.

In this wave of market, objectively speaking, the probability of a direct breakthrough will decrease with the fluctuations of the market, meaning that the next few days will determine whether there is a breakthrough or if we will see another correction. In conjunction with the U.S. stock market, it also seems to be somewhat weak in rising. If you have a large position, like me, I am currently maintaining nearly 90% of my position, you might consider taking 10% of your position to make some swing trades at this level. Combine your bottom-fishing returns and find a few with good yields to sell appropriately.

Speaking of something quite interesting, previously when I wanted to make a swing trade, there was a high probability of a breakout, and conversely, it was also a major breakthrough in the market. Let’s see how this goes. Thank you for your attention and likes.