2025.6.10 Early 8:08 BTC/ETH Market Analysis

Felt that there would be a rebound on Monday evening, but did not expect Bitcoin to rebound directly by over 5000 and Ethereum to rebound directly by over 200.

That night, the market wiped out 2.7 billion CNY, with 93,463 people going bankrupt to zero.

After 15 straight hours of increase, the market reached a relatively high position. Those who missed out are now experiencing FOMO, but it is a given fact that missing this wave is already established, and being excited is of no use, so stay calm!

BTC Focus

Support at 104757/103055/100305

Pressure tentatively at 112000

At this moment, Bitcoin is like a runaway wild horse, galloping 5000 miles overnight, but giving the new high options to Asian main forces is a difficult task. The key points right now are 107507/106132. After breaking through, pressure levels will turn into support levels, especially whether there will be a pullback at 107507 during the day. Observing the strength of the pullback will help determine the continuation at high levels!

ETH Focus

Support at 2585-2590/2542/2466

Pressure tentatively at 2788 previous high

Ethereum has broken away, soaring over 10% in one night, continuously breaking through the two ranges of 2585-2590/2627-2665 without looking back, directly baffling the market bears again, proving once more that the upper hand cannot change the market trend. If wrong, one must take the loss; recognizing one’s mistakes and correcting them is what makes a real man. Toughing it out will only lead to more suffering!

Operationally: In such a strong bullish trend, lightly following the trend with small positions during high-level pullbacks is possible. At this moment, there is no desire for heavy positions! The Asian main forces are currently waiting for the European and American main forces to join in the harvesting, which is a good choice. Currently, the trend cannot be bearish at all, as it has been completely dominated by the bulls!

#PI##BTC #GateLive##GT#