Cryptocurrency Market Analysis on June 9, 2025!

First, let's talk about Bitcoin $BTC :

From 111980 to 100372, it has formed a complete 3-sawtooth downward pattern. From 100372 to now, it hasn't shown a strong upward wave, so the current rise is likely a rebound against the previous decline, not a reversal. Currently, it has only rebounded to the 0.5 Fibonacci retracement of the downward segment. As for future trends, it could either break new lows or not; the chart shows my approximate prediction of a conventional movement.

Next, let's discuss Ethereum $ETH :

The E/B exchange rate is weakening, but it can stay above the Fibonacci 0.382, which is still relatively strong. After all, a major level rebound needs time for the moving averages to play out. The ETH moving averages are still within the 2300 - 2800 range, and it hasn't had an independent trend during adjustments, definitely a little brother to Bitcoin.

Finally, let's talk about altcoins:

It's been quite tiring to play with altcoins at this stage. Take the $PROMPT that I've been following closely, for example; it made a higher low on the daily chart, and I bought some at the red box. It shot up over 10% last night, which made me very happy, but after taking a nap in the morning, it fell back down again.

Overall, I am cautiously optimistic about altcoins at this stage. If you have a good outlook and a low cost basis, you may not make a profit, but just don't lose money. After all, when Bitcoin moves, who knows how altcoins will react?