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

Bitcoin showed a strong rebound in price yesterday morning, but unfortunately, the subsequent price did not stabilize at the 110,000 mark, continuing this wave of rebound. In the short term, after multiple tests of the 110,000 level, bullish sentiment began to weaken. The current price is consolidating at a high position below 110,000, and the market is in a pullback testing support phase. The short-term upward trend remains unchanged, and the previous declines have been completely recovered.

Looking at the short-term hourly chart, both bulls and bears are gradually becoming entangled, with the trend testing near the upper track. On the 4-hour level, a long lower shadow appeared at 20:00 on June 10, quickly rebounding after testing 108,331, indicating strong buying interest in the 108,000 area. The daily chart has shown two consecutive doji stars, with 110,400 forming obvious resistance. MACD: 4-hour double lines at high position dead cross, daily MACD red bars shrinking, RSI: 4-hour RSI (68) remains in the strong zone but not overbought, daily RSI (62) maintains mid-line balance. EMA: Price stands above EMA30 (107,128), with EMA7 (109,214) and EMA30 forming a bullish arrangement. There is a short-term need for a pullback, but the force is not strong; however, the pullback is for a better rebound. The overall trend is leaning upwards. If it can stabilize at the 110,000 mark during the day, there is a possibility of a new high in the future. In terms of operations, it is recommended to focus on buying during pullbacks.

6.11 Bitcoin Short-term Reference:

Lightly short positions 111,800-112,000, with a stop-loss at 113,800. Take profit: 500, target below 110,500.

Long positions 109,100-108,100, with a stop-loss of 500, adding at 106,500, target above 100,500.

6.11 Ethereum Short-term Reference:

Short positions: 2,855-2,905, with a stop-loss at 3,050. Take profit: 50, target below 2,700.

Long positions: 2,635-2,575, with a stop-loss of 30 points, target above 2,680.

The article is sent with a delay; strategy suggestions are for reference only. The market changes rapidly, regardless of how high the judgment of the market is, always set stop-losses and take profits for safety.