6.9-6.10 Bitcoin and Ethereum Market Summary

Yesterday afternoon, bullish momentum surged, catching many off guard, but Youmi was confident, having laid the groundwork early on, just waiting for this major reversal.

Why was Youmi able to predict the bullish direction in advance? While most in the market were not bullish, the weekend's trading quietly sent out signals.

Normally, a decrease in trading volume over the weekend would typically lead to a downward trend, but this weekend was the opposite, showing an overall upward trend, albeit with small fluctuations, and on the daily chart, it had supported last week's decline.

Additionally, with news calming the market, bullish sentiment surged, and major institutions continued to increase their Bitcoin holdings, leading to a greater long-term bullish trend in the market. This further propelled the prices of Bitcoin and Ethereum upward. This bullish counterattack became so impressive.

Yesterday, from afternoon to evening to midnight, Youmi remained bullish, while the bulls also pressed the gas, with Bitcoin returning to 110K, and Ethereum surging to a high of 2720 this morning, moving up without taking a breath.

In the morning, Youmi continued to look for a pullback, and although there was some adjustment in the early session, the overall force was not large. However, in the afternoon, the market showed signs of consolidation. When the market does not rush to turn around after such a high, it indicates that there is still space above or that the support below is sufficient. If the bulls do not continue to rise, there will typically be a period of consolidation.

In the evening, Ethereum jumped due to the warming of the ecosystem, stopping just below 2800, indicating significant resistance above, and Youmi's Ethereum collected 211 points. After a short-term upward resistance, the hourly chart showed signs of a pullback.

Youmi believes that with the arrival of positive news about the Ethereum ecosystem warming up in the evening and continued support from major institutions, there will be short-term pullbacks, but the long-term positive situation remains unchanged.

In the past couple of days, the bulls have taken off, and Youmi positioned long orders in advance on Monday, continuously verifying the market, with Bitcoin collecting 9301 points and Ethereum collecting 604 points.

Silk Road sends out daily updates, and the navigation is also in place. The strength of one person is limited, but with the help of benefactors, things become much simpler. #以太坊生态回暖 #加密市场反弹 #比特币走势观察 #纳斯达克加密ETF扩容 #Strategy增持比特币