Analyst Liang Qiu: 6.11 Bitcoin/Ethereum Rapid Surge with Early Morning Market Analysis

Bitcoin/Ethereum has rapidly surged after a few days of continuous fluctuations, forming a clear bullish trend. Currently, it is consolidating at a high level, with Bitcoin once again testing the upper resistance around 110000 but falling back without an effective breakout, indicating that there is still pressure above in the short term. Ethereum moves in sync with Bitcoin. Looking at the four-hour level, the market began to fluctuate downward after a peak, and there is still some support below. After the surge, the focus in the short term remains on the strength of any pullback.

In terms of the Bitcoin/Ethereum candlestick pattern, the daily level shows that the price rebounded strongly after experiencing a significant drop, forming a high-level fluctuation trend after the rebound. Currently, the four-hour candlestick shows a small bearish candle, indicating a relatively balanced market between bulls and bears. On the four-hour level, several consecutive candlesticks show a downward trend, with lows continuously declining, indicating that it is still in an adjustment phase in the short term. In terms of technical indicators, the four-hour MACD histogram has changed from red to green, and the fast and slow lines are continuously approaching the zero axis, indicating weakening momentum; at the daily level, the MACD fast and slow lines are still operating below the zero axis, with the overall trend not yet fully reversed.

Trading Suggestions: BTC: Range around 109300 to 109800, target 107000; ETH: Range around 2750 to 2770, target around 2670.

[The above analysis and strategies are for reference only. Please assume your own risk. The article review and release may lack timeliness; specifics are subject to real-time updates.] #看懂K线