June 10 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference

After a slight consolidation during the day, Bitcoin saw a small bullish outbreak from evening to midnight, with prices breaking through the resistance around 109,000. It is currently operating near the high of 109,300, entering a high range, with bullish sentiment warming up and the market leaning towards an upward trend. Therefore, it is recommended to focus on long positions.

Looking at the short-term 4-hour chart, the Bollinger Bands are in an opening posture, with the market operating in the upper area of the upper band. Recently, there have been consecutive bullish candles breaking the previous high of 108,767, forming an ascending channel structure. On the daily chart, after the long lower shadow on June 7 tested the bottom at 103,871, it has continuously increased in volume for three days, forming a bullish engulfing pattern. MACD: The 4-hour level DIF (894) crosses above DEA (512) with the histogram continuing to expand, while on the daily level, MACD (-581) shows a bottom divergence. The 4-hour RSI (73.99) has reached the overbought area but has not become stagnant, and the daily RSI (61.82) breaks through the midline. EMA: Prices are stable above EMA7 (107,608) and EMA30 (105,915), with EMA7 crossing above EMA30 forming a golden cross. Overall, the short-term market leans towards strength, and during the day, key attention should be paid to the psychological pressure level near the integer mark of 110,000, where prices may test the 110,000 mark. It is recommended to focus on buying on dips.

June 10 Bitcoin Short-term Reference:

Light short positions at 111,800-112,000, with a defense at 113,800 for a supplement, stop loss: 500, target below 110,500,

Long positions at 108,500-107,500, stop loss 500, with defense at 106,500 for a supplement, target above 109,500,

June 10 Ethereum Short-term Reference:

Short positions: 2,725-2,655, with a defense at 2,750 for a supplement, stop loss: 50, target below 2,600,

Long positions at 2,505-2,575, stop loss 30 points, target above 2,600,

The article has a delay in sending, and the strategy suggestions are for reference only. The market changes rapidly. Regardless of the judgment on the market, always have stop-loss and take-profit measures in place for security.