1. Bitcoin (BTC) Market Dynamics
Price Trend: Bitcoin has recently performed strongly, breaking through the $110,000 mark on June 10, but then slightly retracing. As of June 11, the Bitcoin price fluctuated in the range of $105,000 to $110,000, with the market focusing on the key resistance level of $113,000.
-Institutional Fund Inflows: The inflow of funds into Bitcoin ETFs improved, with a net inflow of $50 million on June 7, indicating that institutional investors are buying on dips.
- Technical Analysis:
- Short-term: If it breaks through $113,000, it may rise further; if it falls below $101,000, it may test the $100,000 support level.
- Open Interest Changes: Recent open interest has shrunk, indicating weakened bullish momentum, caution is needed for potential retracement risks.
2. Ethereum (ETH) Market Dynamics
- Price Trend: Ethereum recently broke through the key resistance level of $2,700, with a trading price of about $2,680 on June 11, targeting $3,000.
- Fund Shifts to ETH: Binance users recently sold $223 million worth of Bitcoin and Tether (USDT), turning to increase their holdings in Ethereum, with open interest increasing by 1.05%.
- Technical Analysis:
- Resistance Level: $2,700 (0.382 Fibonacci level) is the key breakout point, if it stabilizes, it may challenge $2,929 (0.618 Fibonacci level).
- RSI Indicator: Currently in the neutral zone (50.62), indicating market hesitation, but MACD does not show obvious bearish signals.
3. Overall Market Trend
- Is the second wave of the bull market starting? Analysts believe that if Bitcoin stabilizes above $110,000, it may initiate a new round of increases; if Ethereum can break through $3,000, it may drive the altcoin market.
- Risk Factors: High leverage trading still poses risks, as early June saw $1 billion in liquidations due to an overheated market.
4. Policy and Macro Impact
- Trump Policy: The U.S. may expand its digital asset reserve program, potentially including Ethereum in addition to Bitcoin, which would be beneficial for ETH.
- Federal Reserve Direction: The market is focused on the FOMC meeting on June 18-19, as interest rate policies may affect liquidity in the crypto market.
5. Today's Focus
- Can Bitcoin break through $113,000?
- Can Ethereum stabilize at $2,700 and challenge $3,000?
- Will institutional funds continue to flow into BTC/ETH ETFs?
