June 11 Morning BTC/ETH Analysis:
BTC
Last night, U.S. stocks opened lower, which brought down Bitcoin as well. Currently, it is still in a sideways pattern, but the trend is slightly weak, with no breakthroughs on either side. During the day, pay attention to the support at the 1089 daily line. If the four-hour level does not break, then there is a high probability that the market will break a new high. You can try a light position near the resistance of 1104, focusing on the lower range during the day.
In the range of 1090-1095, set a stop loss at 600 points, with a target of 1105-1119.
ETH
In the past three days, Ethereum has been the center of attention, rising by hundreds of points each day. During the day, focus on the key level of 2752. If the four-hour closing level does not break, then the sideways pattern remains. A break would indicate that this upward momentum is likely at its peak, so we will not consider a position for now.
In the range of 2773-2785, set a stop loss at 35 points, with a target of 2834-2877.
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