6.8 Early Morning Bitcoin and Ethereum Market Analysis ~ Market Funds Favor Bitcoin, Short-term Trading Strategy

After the weekend's fluctuations and adjustments, Bitcoin is once again running above the MA5 and 10-day moving averages. The MACD shows a reduction in bearish momentum, while the KDJ three-line indicator indicates a slight upward sentiment in the short term. Combining this with the 12-hour chart, the current market trend leans towards a slight upward fluctuation. However, the daily line still faces strong resistance, resulting in limited market volatility. The current resistance level for Bitcoin is around 106800; if Bitcoin can stabilize above 106800 before the weekend ends, we can expect a continuation of a slight rebound next week after the weekly K updates.

On the 4-hour chart, after the early morning close, the price has once again risen above the MA30 moving average, and the MA 5 and 10-day moving averages are resonating upwards. Additionally, the BOLL upper band shows a slight opening pattern, indicating that there are still signs of bullish retraction. Considering the hourly chart, due to trading volume reasons, the market tends to fluctuate slightly upwards. Therefore, my personal view is that from early morning to the morning, one can maintain a high sell-low buy strategy, with support levels around 104000; as long as this support holds, one can attempt to buy.

Trading Strategy: 1058000-106300 range, Target: 1045000-104000, Stop Loss: 106800

For buying positions, the reference level is around 103500-104000, Target: 105500-106500.

Ethereum's overall trend is basically in sync with Bitcoin, but its strength and resilience against declines are weaker than Bitcoin. Additionally, the daily and 12-hour lines show significant resistance, with resistance levels around 2540-2570 and support levels around 2480-2450. Therefore, the short-term view aligns with Bitcoin, maintaining a high sell-low buy strategy.

Trading Strategy: 2540-2570 range, Target: 2500-2470, Stop Loss: 2590

For buying positions, the reference level is around 2480-2450, Target: 2540-2570.

For the short-term trend, this should be sufficient; further updates will continue with #加密市场回调 #币安Alpha上新 .