6.10 Early morning Bitcoin and Ethereum market analysis ~ After the weekly K update, Bitcoin stabilizes at the daily middle track pressure, and a new round of rebound trend begins.

Due to insufficient trading volume early yesterday morning, Bitcoin did not touch the daily middle track pressure and began to retreat under pressure. Our strategy of high selling and low buying did not catch Bitcoin's high point, while Ethereum successfully took profits. Congratulations to those who followed.

After the weekly K update, the MA5 daily moving average continues to rise (after the surge from afternoon to evening). The TD indicator continues to rise with a TD8 trend. From an indicator perspective, the MACD shows that bullish momentum is starting to shrink, and the KDJ three lines are beginning to flatten. During the day, Bitcoin once again stands above the previous pressure of 106800. Currently, pressure has turned into support, and the short-term key support level is at 105000. If the price retraces and cannot effectively break this support, then the weekly TD8 upward trend will not be broken. A further rebound to 110000 is just a matter of time.

From the daily perspective, Bitcoin currently relies on the MA 5 and 10-day moving averages to operate with slight fluctuations. The K line shows a long-short arrangement, and the TD indicator shows a short-term upward TD3 trend. However, the overall trend of the BOLL band remains relatively flat. The MACD operates with reduced volume below the zero axis, and the KDJ three lines show an upward sentiment. Currently, Bitcoin has stabilized at the middle track pressure, and if the pressure turns into support, then if the price retraces and does not break down below the middle track support, the bullish momentum will continue to rise.

On the 4-hour chart, after the early morning close, the price broke out and operated near the upper track of the BOLL band. The MACD and KDJ resonate to rise, and the MA5, 10, and 30-day moving averages also show a rising resonance pattern, indicating that the current bullish momentum still has room to increase. Combining with the hourly chart, the current market trend leans towards a fluctuating upward trend, with the upper resistance level referenced at 110500-112000. Therefore, for early morning operations, my personal view is to mainly focus on low buying, with high selling as a supplement.

Operational strategy: Buy on retracement at 106800-106300. Target: 109000-110500. Stop loss: 105800.

Currently, the overall trend of Ethereum is basically synchronized with Bitcoin, but the market favors Bitcoin, resulting in much lower trading volume for Ethereum. However, the current trend still shows a slight rebound trend, so my personal view for the early morning is also to focus on buying on retracement.

Operational strategy: Buy at 2530-2500. Target: 2580-2640. Stop loss: 2480.

For the short-term trend, this should suffice; further follow-up will continue.