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SOL Market Trend Analysis 20250614
The hourly trend is completely following Bitcoin. After a rapid decline in price, it has formed a rebound trend with fluctuations upward, but is now continuing to decline along with Bitcoin.
The daily line also shows a bearish candle with a long lower shadow. The trading volume is higher than in previous days, but not significantly so.
The price has dropped to a low of 140.21 (Binance spot price). The bottom-buying position we provided yesterday was at 142, but the rebound strength was slightly weaker, not reaching our target of 153, and instead hovering around 149.
For the upcoming daily trend, we are still watching Bitcoin. The main players have not made any significant moves recently, so we can patiently wait.
We have been discussing the large range of 120-140-160-180 for fluctuations, and buying on dips still makes sense for accumulating spot for the year-end surge.
Daily resistance levels are 153-167-177, and support levels are 142-134-120-110.
The hourly trend is completely following Bitcoin. After a rapid decline in price, it has formed a rebound trend with fluctuations upward, but is now continuing to decline along with Bitcoin.
The daily line also shows a bearish candle with a long lower shadow. The trading volume is higher than in previous days, but not significantly so.
The price has dropped to a low of 140.21 (Binance spot price). The bottom-buying position we provided yesterday was at 142, but the rebound strength was slightly weaker, not reaching our target of 153, and instead hovering around 149.
For the upcoming daily trend, we are still watching Bitcoin. The main players have not made any significant moves recently, so we can patiently wait.
We have been discussing the large range of 120-140-160-180 for fluctuations, and buying on dips still makes sense for accumulating spot for the year-end surge.
Daily resistance levels are 153-167-177, and support levels are 142-134-120-110.
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Ethereum Market Trend Analysis 20250614
As expected, Bitcoin's decline has brought Ethereum down with it. It experienced a rapid drop, hitting near the daily EMA52 line, and formed a rebound trend with hourly-level oscillations. The difference is that Bitcoin closed with a bullish candle, while Ethereum closed with a bearish candle.
The rebound position also reached the daily MA30 line, but at the hourly level, Ethereum's rebound only reached the 45-minute resistance level before starting to decline again along with Bitcoin.
The daily line shows a bearish candle with a long lower shadow, indicating that the downward momentum has not been fully released, and the price is likely to continue to fall with Bitcoin to find support levels.
The daily MA30 line has flattened, and the MACD shows weakening upward momentum above the zero axis, indicating a bearish divergence at the daily level, so any upcoming rise is considered a rebound.
The daily EMA52 line (2420) remains the first support level, and when the price reaches this point, there will still be a rebound.
Daily level resistance levels are 2600-2730-2960-3060, and support levels are 2420-2320-2200-2130.
As expected, Bitcoin's decline has brought Ethereum down with it. It experienced a rapid drop, hitting near the daily EMA52 line, and formed a rebound trend with hourly-level oscillations. The difference is that Bitcoin closed with a bullish candle, while Ethereum closed with a bearish candle.
The rebound position also reached the daily MA30 line, but at the hourly level, Ethereum's rebound only reached the 45-minute resistance level before starting to decline again along with Bitcoin.
The daily line shows a bearish candle with a long lower shadow, indicating that the downward momentum has not been fully released, and the price is likely to continue to fall with Bitcoin to find support levels.
The daily MA30 line has flattened, and the MACD shows weakening upward momentum above the zero axis, indicating a bearish divergence at the daily level, so any upcoming rise is considered a rebound.
The daily EMA52 line (2420) remains the first support level, and when the price reaches this point, there will still be a rebound.
Daily level resistance levels are 2600-2730-2960-3060, and support levels are 2420-2320-2200-2130.
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Bitcoin Market Trend Analysis 20250614
After the price fell near the daily EMA52 line, it formed a support and showed a rebound trend with hourly fluctuations.
The daily chart shows a small bullish candlestick with a long lower shadow, and the trading volume increased by one-third compared to the previous day. The strength of the rebound is acceptable, but it still closed below the daily MA30 line, while the MA30 line is in an upward trend flattening out, and the MACD indicates a weakening of the downward momentum.
Here, the price increase encountered resistance at the daily MA30 line, and the hourly-level rebound also reached the one-hour resistance level. Under this dual pressure, there will be hourly-level pullbacks during the day, followed by a secondary test of the bottom at the hourly level, after which we can observe the strength of the rebound.
As mentioned yesterday, a double top pattern has already appeared on the daily chart, so it is reasonable for the price to continue to decline after fluctuations towards the 2-day line or even the weekly MA30 line support.
Liquidity on weekends tends to be relatively poor, resulting in smaller fluctuations. As long as it maintains oscillation, altcoins will have a rebound. Key attention can be given to altcoins with capital inflow.
Daily-level resistance levels: 107340-110300-120400-130000, support levels: 102400-97670-95860-93530
After the price fell near the daily EMA52 line, it formed a support and showed a rebound trend with hourly fluctuations.
The daily chart shows a small bullish candlestick with a long lower shadow, and the trading volume increased by one-third compared to the previous day. The strength of the rebound is acceptable, but it still closed below the daily MA30 line, while the MA30 line is in an upward trend flattening out, and the MACD indicates a weakening of the downward momentum.
Here, the price increase encountered resistance at the daily MA30 line, and the hourly-level rebound also reached the one-hour resistance level. Under this dual pressure, there will be hourly-level pullbacks during the day, followed by a secondary test of the bottom at the hourly level, after which we can observe the strength of the rebound.
As mentioned yesterday, a double top pattern has already appeared on the daily chart, so it is reasonable for the price to continue to decline after fluctuations towards the 2-day line or even the weekly MA30 line support.
Liquidity on weekends tends to be relatively poor, resulting in smaller fluctuations. As long as it maintains oscillation, altcoins will have a rebound. Key attention can be given to altcoins with capital inflow.
Daily-level resistance levels: 107340-110300-120400-130000, support levels: 102400-97670-95860-93530
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SOL Market Trend Analysis 20250613
The daily level has seen five consecutive daily gains, but within three days, it has dropped back down. The price has been unable to break through the MA30 line's resistance for the past few days, which is also near the upper edge of the red box area. Therefore, it can only follow Bitcoin downwards, which confirms what we have always said: ultimately, we must look to Bitcoin's movements.
The daily MA30 line indicates a downward trend, so the upcoming price increases in the next period will be rebounds rather than reversals. The MACD shows an increase in downward momentum below the zero line, and the downtrend has not yet stopped. We are waiting for the downtrend to halt to buy at a lower price for a short-term long position, which will be around 142, with a rebound possibly reaching around 153.
Next, SOL will still be in a broad range of fluctuations between 120-160-180 for a longer cycle, waiting for the last wave of craziness in the bull market.
Daily level resistance at 156-167-177, support at 142-134-120-110.
The daily level has seen five consecutive daily gains, but within three days, it has dropped back down. The price has been unable to break through the MA30 line's resistance for the past few days, which is also near the upper edge of the red box area. Therefore, it can only follow Bitcoin downwards, which confirms what we have always said: ultimately, we must look to Bitcoin's movements.
The daily MA30 line indicates a downward trend, so the upcoming price increases in the next period will be rebounds rather than reversals. The MACD shows an increase in downward momentum below the zero line, and the downtrend has not yet stopped. We are waiting for the downtrend to halt to buy at a lower price for a short-term long position, which will be around 142, with a rebound possibly reaching around 153.
Next, SOL will still be in a broad range of fluctuations between 120-160-180 for a longer cycle, waiting for the last wave of craziness in the bull market.
Daily level resistance at 156-167-177, support at 142-134-120-110.
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Ethereum Market Trend Analysis 20250613
Yesterday I mentioned that if Bitcoin does not drop, then Ethereum can continue to rebound. However, if Bitcoin is going to drop, Ethereum will also follow suit.
Currently, a top pattern has appeared on the daily chart. After the price briefly broke through the red box area, it could not hold above the upper edge of the red box upon retracement and continued to drop. The first support level is at the 12-hour EMA52, which is around 2544 now. The second support level is the daily EMA52 line, around 2410. Both of these levels will see a rebound, but the strength of the rebound is expected to be stronger at the daily EMA52 line; this position is also close to the lower boundary of the red box.
In the short term, the strategy remains to short on rebounds, with the first resistance level at 2660 and the second resistance level near the upper edge of the red box at 2730.
Daily level resistance is at 2730-2960-3060, with support at 2540-2410-2350-2200-2130.
Yesterday I mentioned that if Bitcoin does not drop, then Ethereum can continue to rebound. However, if Bitcoin is going to drop, Ethereum will also follow suit.
Currently, a top pattern has appeared on the daily chart. After the price briefly broke through the red box area, it could not hold above the upper edge of the red box upon retracement and continued to drop. The first support level is at the 12-hour EMA52, which is around 2544 now. The second support level is the daily EMA52 line, around 2410. Both of these levels will see a rebound, but the strength of the rebound is expected to be stronger at the daily EMA52 line; this position is also close to the lower boundary of the red box.
In the short term, the strategy remains to short on rebounds, with the first resistance level at 2660 and the second resistance level near the upper edge of the red box at 2730.
Daily level resistance is at 2730-2960-3060, with support at 2540-2410-2350-2200-2130.
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Bitcoin Market Trend Analysis 20250613
As mentioned yesterday, the rebound strength at the 2-hour level will not be too strong, and after a slight rebound in price, it will continue to decline. After a wave of rebound at the 4-hour level, it will decline again, with the daily line closing as a bearish candle, indicating a top formation.
In yesterday's market analysis, it was noted that the price was rising while the trading volume was declining, which is not a good sign. After the top formation appears, the price will further decline. If the daily MA30 line does not form effective support, then after a weak rebound during the day today, the price will further decline towards the daily EMA52 line. There will be a slightly stronger rebound here, but it is not strong support.
The double top structure has already appeared in this round. The daily MACD returning to the zero axis or the price returning to the vicinity of the daily EMA52 line both indicate a weakening momentum for upward movement, so the strategy should mainly be to short at highs in the near term.
Daily level resistance levels are 110000-120400-130000, and support levels are 102200-97670-95860-93530.
As mentioned yesterday, the rebound strength at the 2-hour level will not be too strong, and after a slight rebound in price, it will continue to decline. After a wave of rebound at the 4-hour level, it will decline again, with the daily line closing as a bearish candle, indicating a top formation.
In yesterday's market analysis, it was noted that the price was rising while the trading volume was declining, which is not a good sign. After the top formation appears, the price will further decline. If the daily MA30 line does not form effective support, then after a weak rebound during the day today, the price will further decline towards the daily EMA52 line. There will be a slightly stronger rebound here, but it is not strong support.
The double top structure has already appeared in this round. The daily MACD returning to the zero axis or the price returning to the vicinity of the daily EMA52 line both indicate a weakening momentum for upward movement, so the strategy should mainly be to short at highs in the near term.
Daily level resistance levels are 110000-120400-130000, and support levels are 102200-97670-95860-93530.
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SOL Market Trend Analysis 20250612
The hourly level daytime trend is rarely not following Bitcoin's oscillation downwards, but in the evening, after a price spike, it fell alongside Bitcoin. It seems we still have to pay attention to Bitcoin's movements.
The daily chart shows a small bearish candlestick with upper and lower shadows, breaking the consecutive bullish trend of the daily chart. The trading volume is slightly larger than the previous day, and the daily MA30 line is still in a downtrend. After briefly breaking the MA30 line, the price was still suppressed and closed below the daily MA30 line. The short-term trend remains a rebound rather than a reversal.
The range of 177-187 given yesterday was not reached; the price didn’t even break 170 before coming down. The daily MACD is still in a slightly enhanced upward momentum state, so there is hope for a correction to push up again.
However, if Bitcoin is to fall and adjust, SOL will definitely also drop back.
The daily level resistance is at 177-188-196 and support is at 161-154-142-134-120-110.
The hourly level daytime trend is rarely not following Bitcoin's oscillation downwards, but in the evening, after a price spike, it fell alongside Bitcoin. It seems we still have to pay attention to Bitcoin's movements.
The daily chart shows a small bearish candlestick with upper and lower shadows, breaking the consecutive bullish trend of the daily chart. The trading volume is slightly larger than the previous day, and the daily MA30 line is still in a downtrend. After briefly breaking the MA30 line, the price was still suppressed and closed below the daily MA30 line. The short-term trend remains a rebound rather than a reversal.
The range of 177-187 given yesterday was not reached; the price didn’t even break 170 before coming down. The daily MACD is still in a slightly enhanced upward momentum state, so there is hope for a correction to push up again.
However, if Bitcoin is to fall and adjust, SOL will definitely also drop back.
The daily level resistance is at 177-188-196 and support is at 161-154-142-134-120-110.
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Ethereum Market Trend Analysis 20250612
The hourly trend is generally synchronized with Bitcoin, but the fluctuations are much larger. Similarly, there is a downward fluctuation during the day, but the upward momentum started slightly earlier than Bitcoin, setting a new recent high.
Currently, it is moving within the 1-hour rebound of a daily line, but the 1-hour rebound has not yet taken effect, returning to the 1-hour EMA52 line. After some fluctuations at the hourly level, a rebound is expected, provided that Bitcoin does not decline. If Bitcoin falls for adjustment, Ethereum will also drop, heading towards the 2-4 hour support before rebounding (2683-2636).
The daily line shows a small bearish candlestick with upper and lower shadows, with trading volume about a quarter less than the previous day, yet still maintains a high trading volume status. The price has broken through the red box area, and if it stabilizes, there is further room for an upward rise, targeting the 2960-3050 area. If it does not stabilize, it will return to the red box area for wide fluctuations. As long as Bitcoin does not fall, Ethereum can still be expected to continue climbing.
Daily level resistance at 2960-3060-3240, support at 2680-2580-2350-2200-2130
The hourly trend is generally synchronized with Bitcoin, but the fluctuations are much larger. Similarly, there is a downward fluctuation during the day, but the upward momentum started slightly earlier than Bitcoin, setting a new recent high.
Currently, it is moving within the 1-hour rebound of a daily line, but the 1-hour rebound has not yet taken effect, returning to the 1-hour EMA52 line. After some fluctuations at the hourly level, a rebound is expected, provided that Bitcoin does not decline. If Bitcoin falls for adjustment, Ethereum will also drop, heading towards the 2-4 hour support before rebounding (2683-2636).
The daily line shows a small bearish candlestick with upper and lower shadows, with trading volume about a quarter less than the previous day, yet still maintains a high trading volume status. The price has broken through the red box area, and if it stabilizes, there is further room for an upward rise, targeting the 2960-3050 area. If it does not stabilize, it will return to the red box area for wide fluctuations. As long as Bitcoin does not fall, Ethereum can still be expected to continue climbing.
Daily level resistance at 2960-3060-3240, support at 2680-2580-2350-2200-2130
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Bitcoin Market Trend Analysis 20250612
Hourly level shows a downward oscillation during the day. Before the US stock market opens, the price experiences a short-term boost from the CPI data, leading to a price surge. After a subsequent upward movement following the market opening, the price begins to oscillate downwards. Currently, the price has touched the 2-hour EMA52 line ($108,000), resulting in a brief rebound.
The current level is experiencing a 2-hour rebound within a daily line rebound, showing insufficient upward momentum to return to the 2-hour EMA52 line for another rebound. We need to continue observing the specific strength of the rebound; personally, I feel the rebound will not be too strong, and then it will continue to decline towards the 4-hour support level (around $107,000) before rebounding again.
The daily line shows a small bearish candle with a short lower shadow, and the trading volume is lower than the past two days, indicating that while the price is rising, the volume is decreasing, which is not a good sign. The price is still running above the MA30 line, which shows a slight upward trend.
The next two days are crucial. If a bearish candle forms, the MACD will show weakened upward momentum turning into strengthened downward momentum, and the candlestick pattern may form a double top, leading to further price declines.
As for the future direction, we will observe as we go.
Daily level resistance: 120400-130000, support: 107000-101260-97670-95860-93410
Hourly level shows a downward oscillation during the day. Before the US stock market opens, the price experiences a short-term boost from the CPI data, leading to a price surge. After a subsequent upward movement following the market opening, the price begins to oscillate downwards. Currently, the price has touched the 2-hour EMA52 line ($108,000), resulting in a brief rebound.
The current level is experiencing a 2-hour rebound within a daily line rebound, showing insufficient upward momentum to return to the 2-hour EMA52 line for another rebound. We need to continue observing the specific strength of the rebound; personally, I feel the rebound will not be too strong, and then it will continue to decline towards the 4-hour support level (around $107,000) before rebounding again.
The daily line shows a small bearish candle with a short lower shadow, and the trading volume is lower than the past two days, indicating that while the price is rising, the volume is decreasing, which is not a good sign. The price is still running above the MA30 line, which shows a slight upward trend.
The next two days are crucial. If a bearish candle forms, the MACD will show weakened upward momentum turning into strengthened downward momentum, and the candlestick pattern may form a double top, leading to further price declines.
As for the future direction, we will observe as we go.
Daily level resistance: 120400-130000, support: 107000-101260-97670-95860-93410
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SOL Market Trend Analysis 2025-06-11
The hourly trend is still synchronized with Bitcoin, experiencing fluctuations downward during the day. The US stock market rose slightly before opening but was then hammered down after the market opened. During the early morning, the price began to surge again due to news about SOL's ETF potentially being approved.
The daily chart shows a bullish candle with a long lower shadow, currently displaying five consecutive bullish candles. The trading volume is slightly higher than the previous day, remaining generally consistent, and the price is still below the daily MA30 line. The MACD is below the zero line, showing a bullish crossover pattern, indicating that there may be further upward movement at the daily level, targeting the 177-187 area.
The overall trend will still be influenced by Bitcoin; if Bitcoin experiences a downward pullback, SOL will certainly follow.
Daily resistance levels are 177-188-196, and support levels are 161-154-140.
The hourly trend is still synchronized with Bitcoin, experiencing fluctuations downward during the day. The US stock market rose slightly before opening but was then hammered down after the market opened. During the early morning, the price began to surge again due to news about SOL's ETF potentially being approved.
The daily chart shows a bullish candle with a long lower shadow, currently displaying five consecutive bullish candles. The trading volume is slightly higher than the previous day, remaining generally consistent, and the price is still below the daily MA30 line. The MACD is below the zero line, showing a bullish crossover pattern, indicating that there may be further upward movement at the daily level, targeting the 177-187 area.
The overall trend will still be influenced by Bitcoin; if Bitcoin experiences a downward pullback, SOL will certainly follow.
Daily resistance levels are 177-188-196, and support levels are 161-154-140.
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Ethereum Market Trend Analysis 20250611
The hourly trend is obviously much stronger than the older brother. After a brief drop during the day, it has maintained a fluctuating upward trend.
The daily line shows another large bullish candle, breaking through the upper edge of the red box area, with trading volume twice that of the previous day, indicating a breakout with increased volume.
The daily MA30 line continues to maintain an upward trend, and after returning to the zero axis above the MACD, a golden cross of the fast and slow lines has appeared, indicating that the rebound at the daily level is effective, and the upward momentum is still present. The next target is to challenge the 2960-3060 area.
The daily level resistance levels are 2960-3060-3240, and the support levels are 2730-2580-2350-2200-2130.
The hourly trend is obviously much stronger than the older brother. After a brief drop during the day, it has maintained a fluctuating upward trend.
The daily line shows another large bullish candle, breaking through the upper edge of the red box area, with trading volume twice that of the previous day, indicating a breakout with increased volume.
The daily MA30 line continues to maintain an upward trend, and after returning to the zero axis above the MACD, a golden cross of the fast and slow lines has appeared, indicating that the rebound at the daily level is effective, and the upward momentum is still present. The next target is to challenge the 2960-3060 area.
The daily level resistance levels are 2960-3060-3240, and the support levels are 2730-2580-2350-2200-2130.
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Bitcoin Market Trend Analysis 20250611
During the daytime on the hourly level, there was a wave of oscillating decline. After the U.S. stock market opened, it fell briefly, then quickly rebounded, which is basically consistent with our prediction from yesterday. The current price still remains above 110000.
The daily line shows a small bullish candle with a long lower shadow, indicating that the upward momentum is still strong. The daily MA30 line has also turned into a slight upward trend, and the MACD has shown a decrease in bearish momentum after returning to the zero line above the zero axis, with a golden cross of the fast and slow lines.
As mentioned yesterday, if the MACD fast and slow lines show a golden cross, the rebound at the daily level will take effect, and the price will further rise, continuing to push towards the $120000 position. If there are no major negative news impacts, the extent of price decline at the hourly level will not be significant; it will just be a normal pullback.
Daily level resistance is at 120400-130000, and support is at 106000-101260-97670-95860-93410.
During the daytime on the hourly level, there was a wave of oscillating decline. After the U.S. stock market opened, it fell briefly, then quickly rebounded, which is basically consistent with our prediction from yesterday. The current price still remains above 110000.
The daily line shows a small bullish candle with a long lower shadow, indicating that the upward momentum is still strong. The daily MA30 line has also turned into a slight upward trend, and the MACD has shown a decrease in bearish momentum after returning to the zero line above the zero axis, with a golden cross of the fast and slow lines.
As mentioned yesterday, if the MACD fast and slow lines show a golden cross, the rebound at the daily level will take effect, and the price will further rise, continuing to push towards the $120000 position. If there are no major negative news impacts, the extent of price decline at the hourly level will not be significant; it will just be a normal pullback.
Daily level resistance is at 120400-130000, and support is at 106000-101260-97670-95860-93410.
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SOL Market Trend Analysis 20250610
The hourly trend continues to synchronize with Bitcoin, showing a good upward movement.
The daily line shows a large bullish candle, with trading volume more than twice the average weekend volume, but similar to the average weekday trading volume, which does not indicate a significant increase in volume.
The daily MA30 line is still in a downward trend, and the MACD shows a weakening downward momentum just below the zero line, with the fast and slow lines approaching a golden cross. If a golden cross occurs, there is still room for upward movement.
Currently, the price has risen to around 164, which is the neckline level and also near the daily MA30 line. There will be considerable upward pressure here, and it must break through to continue testing the resistance level at 180.
In the short term, there will be a pullback at the hourly level, targeting around 157, and the trend will follow Bitcoin.
The daily level resistance levels are 164-179-188-196, and support levels are 157-152-140-136-130-125-110.
The hourly trend continues to synchronize with Bitcoin, showing a good upward movement.
The daily line shows a large bullish candle, with trading volume more than twice the average weekend volume, but similar to the average weekday trading volume, which does not indicate a significant increase in volume.
The daily MA30 line is still in a downward trend, and the MACD shows a weakening downward momentum just below the zero line, with the fast and slow lines approaching a golden cross. If a golden cross occurs, there is still room for upward movement.
Currently, the price has risen to around 164, which is the neckline level and also near the daily MA30 line. There will be considerable upward pressure here, and it must break through to continue testing the resistance level at 180.
In the short term, there will be a pullback at the hourly level, targeting around 157, and the trend will follow Bitcoin.
The daily level resistance levels are 164-179-188-196, and support levels are 157-152-140-136-130-125-110.
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Ethereum Market Trend Analysis 20250610
The hourly level is synchronizing with Bitcoin, with a slightly larger increase.
The daily line is also a large bullish candlestick, with trading volume being more than twice the average daily trading volume over the weekend; however, compared to the average daily trading volume during working days, there hasn’t been a significant increase.
The daily MA30 line shows a flat trend, and the MACD is exhibiting a weakening of downward momentum above the zero axis, with the fast and slow lines approaching a golden cross. If a golden cross occurs, it will similarly indicate a reversal at the daily level, allowing for further price increases.
It is important to note that the price has once again approached the upper edge of the red box oscillation area. From previous trends, it can be seen that the price has touched the upper edge of the red box multiple times and has been suppressed, forming a downward trend. Therefore, at this position, long positions should be appropriately reduced to secure profits.
If the price breaks through the red box's resistance (2730), one can chase a short-term long position, or for a more conservative approach, wait for a pullback after the breakout before entering.
Daily level resistance is at 2730-2820-3066, and support levels are at 2550-2350-2200-2130.
The hourly level is synchronizing with Bitcoin, with a slightly larger increase.
The daily line is also a large bullish candlestick, with trading volume being more than twice the average daily trading volume over the weekend; however, compared to the average daily trading volume during working days, there hasn’t been a significant increase.
The daily MA30 line shows a flat trend, and the MACD is exhibiting a weakening of downward momentum above the zero axis, with the fast and slow lines approaching a golden cross. If a golden cross occurs, it will similarly indicate a reversal at the daily level, allowing for further price increases.
It is important to note that the price has once again approached the upper edge of the red box oscillation area. From previous trends, it can be seen that the price has touched the upper edge of the red box multiple times and has been suppressed, forming a downward trend. Therefore, at this position, long positions should be appropriately reduced to secure profits.
If the price breaks through the red box's resistance (2730), one can chase a short-term long position, or for a more conservative approach, wait for a pullback after the breakout before entering.
Daily level resistance is at 2730-2820-3066, and support levels are at 2550-2350-2200-2130.
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Bitcoin Market Trend Analysis 20250610
Yesterday's prediction was a decline to around 105200 followed by a weak rebound, and then a continued drop to seek larger support before rebounding. To our surprise, after the price fell and tested 105300, it started to surge upwards, breaking through $110000 again.
The daily chart closed with a large bullish candle, and the trading volume was more than double that of the weekend, consistent with the trading volume during the large bearish candle drop on June 5, indicating a strong upward trend.
The daily MA30 line is still trending flat, while the MACD shows weakening downward momentum below the zero line, with the fast and slow lines about to form a golden cross. If the fast and slow lines do cross, the daily level rebound will take effect, and the price is likely to rise further.
Accompanied by the large bullish candle, the price quickly broke through the daily MA30 line and the 4-hour downtrend line. The next target is to break the previous high and reach $120400.
After the morning close, there was a continued surge, followed by an hourly level pullback during the day, and then a continuation of the upward movement after the US stock market opened in the evening.
The daily level resistance is at 120400-130000, and the support levels are at 106000-101260-97670-95860-93410.
Yesterday's prediction was a decline to around 105200 followed by a weak rebound, and then a continued drop to seek larger support before rebounding. To our surprise, after the price fell and tested 105300, it started to surge upwards, breaking through $110000 again.
The daily chart closed with a large bullish candle, and the trading volume was more than double that of the weekend, consistent with the trading volume during the large bearish candle drop on June 5, indicating a strong upward trend.
The daily MA30 line is still trending flat, while the MACD shows weakening downward momentum below the zero line, with the fast and slow lines about to form a golden cross. If the fast and slow lines do cross, the daily level rebound will take effect, and the price is likely to rise further.
Accompanied by the large bullish candle, the price quickly broke through the daily MA30 line and the 4-hour downtrend line. The next target is to break the previous high and reach $120400.
After the morning close, there was a continued surge, followed by an hourly level pullback during the day, and then a continuation of the upward movement after the US stock market opened in the evening.
The daily level resistance is at 120400-130000, and the support levels are at 106000-101260-97670-95860-93410.
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SOL Market Trend Analysis 20250609
The weekly chart shows a small bearish candlestick with a long lower shadow and a short upper shadow, and the trading volume is basically flat compared to the previous week, indicating a slight decrease in volume.
The weekly MA30 line has shifted from flat to a downward trend, and the MACD is showing a slow increase in momentum that continues to weaken below the zero axis.
In terms of trend, it is relatively weaker compared to Bitcoin and Ethereum. The current price has returned to the red box's oscillation area, so the weekly level adjustment will continue.
We have always mentioned the large oscillation range of 120-180, and being able to return to positions around 130-120-110 is a good opportunity for buying on dips. We are waiting for the end of the year, which will be the last wave of the current bull market.
The weekly chart shows a small bearish candlestick with a long lower shadow and a short upper shadow, and the trading volume is basically flat compared to the previous week, indicating a slight decrease in volume.
The weekly MA30 line has shifted from flat to a downward trend, and the MACD is showing a slow increase in momentum that continues to weaken below the zero axis.
In terms of trend, it is relatively weaker compared to Bitcoin and Ethereum. The current price has returned to the red box's oscillation area, so the weekly level adjustment will continue.
We have always mentioned the large oscillation range of 120-180, and being able to return to positions around 130-120-110 is a good opportunity for buying on dips. We are waiting for the end of the year, which will be the last wave of the current bull market.
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Ethereum Market Trend Analysis 20250609
The weekly chart currently shows a small bearish candle in the shape of a doji, with trading volume remaining basically flat compared to the previous week. In recent weeks, there has been a slight and continuous decrease in volume.
The weekly MA30 line is still in a downward trend, with prices rebounding to the MA30 line in the last three weeks and then experiencing declines, failing to break through effectively.
The weekly MACD, after a long time below the zero line, is beginning to return to the vicinity of the zero line, but it is still some distance away, showing a slow and steadily increasing upward momentum.
In the short term, the weekly trend is still influenced by Bitcoin; if Ethereum does not rise, it is difficult for altcoins to perform well. The weekly level must effectively break through the pressure of the MA30 line, stand above it, and stabilize in order to open up upward space.
The weekly chart currently shows a small bearish candle in the shape of a doji, with trading volume remaining basically flat compared to the previous week. In recent weeks, there has been a slight and continuous decrease in volume.
The weekly MA30 line is still in a downward trend, with prices rebounding to the MA30 line in the last three weeks and then experiencing declines, failing to break through effectively.
The weekly MACD, after a long time below the zero line, is beginning to return to the vicinity of the zero line, but it is still some distance away, showing a slow and steadily increasing upward momentum.
In the short term, the weekly trend is still influenced by Bitcoin; if Ethereum does not rise, it is difficult for altcoins to perform well. The weekly level must effectively break through the pressure of the MA30 line, stand above it, and stabilize in order to open up upward space.
See original
Ethereum Market Trend Analysis 20250609
The current weekly chart shows a small bearish candle in a doji pattern, with trading volume remaining basically the same as the previous week, indicating a state of contraction.
The weekly MA30 line has begun to show signs of flattening after a period of increase, and the price has rebounded to the MA30 line in the last three weeks but has subsequently fallen back, failing to effectively break through.
The weekly MACD has been returning to the vicinity of the zero line after a long time at a high position, indicating a weakening downward momentum.
In the short term, the weekly trend is still influenced by Bitcoin; if Ethereum does not rise, it is difficult for altcoins to perform well. The weekly level must effectively break through the resistance of the MA30 line, stand above it, and stabilize in order to open up upward space.
The current weekly chart shows a small bearish candle in a doji pattern, with trading volume remaining basically the same as the previous week, indicating a state of contraction.
The weekly MA30 line has begun to show signs of flattening after a period of increase, and the price has rebounded to the MA30 line in the last three weeks but has subsequently fallen back, failing to effectively break through.
The weekly MACD has been returning to the vicinity of the zero line after a long time at a high position, indicating a weakening downward momentum.
In the short term, the weekly trend is still influenced by Bitcoin; if Ethereum does not rise, it is difficult for altcoins to perform well. The weekly level must effectively break through the resistance of the MA30 line, stand above it, and stabilize in order to open up upward space.
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Bitcoin Market Trend Analysis 20250609
The weekly chart shows a doji candlestick with a long lower shadow and a short upper shadow. The trading volume is about one-fifth less than the previous week, indicating a contraction, though not very significant.
The weekly MA30 line continues to maintain an upward trend, and the MACD is showing a weakening upward momentum near the zero line, suggesting that the weekly adjustment will continue.
At this position, it could go either up or down. If it goes down, it may seek support at the weekly MA30 line (95200) before rebounding, which would have more strength. If it goes up, the pressure at the 110000 resistance level is quite heavy, so patiently waiting is the best approach.
The weekly chart shows a doji candlestick with a long lower shadow and a short upper shadow. The trading volume is about one-fifth less than the previous week, indicating a contraction, though not very significant.
The weekly MA30 line continues to maintain an upward trend, and the MACD is showing a weakening upward momentum near the zero line, suggesting that the weekly adjustment will continue.
At this position, it could go either up or down. If it goes down, it may seek support at the weekly MA30 line (95200) before rebounding, which would have more strength. If it goes up, the pressure at the 110000 resistance level is quite heavy, so patiently waiting is the best approach.
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