Bitcoin Market Trend Analysis 20250611

During the daytime on the hourly level, there was a wave of oscillating decline. After the U.S. stock market opened, it fell briefly, then quickly rebounded, which is basically consistent with our prediction from yesterday. The current price still remains above 110000.

The daily line shows a small bullish candle with a long lower shadow, indicating that the upward momentum is still strong. The daily MA30 line has also turned into a slight upward trend, and the MACD has shown a decrease in bearish momentum after returning to the zero line above the zero axis, with a golden cross of the fast and slow lines.

As mentioned yesterday, if the MACD fast and slow lines show a golden cross, the rebound at the daily level will take effect, and the price will further rise, continuing to push towards the $120000 position. If there are no major negative news impacts, the extent of price decline at the hourly level will not be significant; it will just be a normal pullback.

Daily level resistance is at 120400-130000, and support is at 106000-101260-97670-95860-93410.