Bitcoin and Ethereum Market Analysis for the Evening of June 11, 2025

Although the U.S. May CPI data released tonight generally met expectations, Bitcoin quickly surged to $109,800 after the data was released. Technically, Bitcoin is consolidating near the $110,000 mark, with significant resistance above but a strong trend. In the short term, attention should be paid to the battle between the $105,000 support level and the $112,000 resistance level. Ethereum retreated slightly from the 2830 weekly line position. If it firmly establishes the $2700 neckline, it is expected to start a new round of upward movement. Last night's Bitcoin long strategy failed to reach the target entry point. The Ethereum performed as expected and successfully reached target. Now that it is a bull market callback, what are you afraid of? Go long! Continue to analyze today's market:

Daily level: Consecutive positive lines indicate a short-term bullish bias, but failed to break through the pressure level, resulting in range consolidation. Key moving averages provide support, MACD momentum is weakening but still bullish, KDJ is trending towards repair, and RSI is neutral to bullish. If important pressure levels are broken, further gains are expected.

4-hour level: The market rebounded steadily after retracing to support, with short-term pressure yet to be broken and solid support. MACD bearishness is easing, EMA fast line is about to form a golden cross, and RSI is rising. Pay attention to the breakout of key resistance levels, which may initiate a bullish trend.

Trading Strategy:

Bitcoin:

Primarily long on dips. Open long positions in tranches between $107,800 and $108,500, with a stop loss at $106,800, and a target of $110,000-$111,500. If $111,500 is broken and held, a short-term test of $116,000 is possible.

Ethereum:

Primarily long on dips. Open long positions in tranches between $2710 and $2730, with a stop loss at $2680, and a target of $2780-$2800. If $2800 is broken and held, a short-term test of $2920 is possible.

Key Focus:

Pay attention to the release of the U.S. May CPI data tonight, the results of which will affect the Federal Reserve's monetary policy expectations. At the same time, pay attention to Trump's recent cryptocurrency-related developments, as well as South Korea's draft Basic Law on Digital Assets proposed on June 10, which allows companies to issue stablecoins, which may promote local market activity. In addition, Hong Kong's Stablecoin Ordinance will take effect on August 1, and the regulatory framework will be gradually improved. Invest with caution and strict stop loss. This analysis does not constitute advice. #CPI数据来袭