June 11 Market Analysis
· Yesterday, BTC continued to rise, with significant gains in the early hours. A short-term correction is needed over the next 4 hours to prepare for further increases. The daily level is about to complete its adjustment, and a golden cross on the axis is about to form. A new round of increases is expected to start, and the weekly trend remains healthy. Pay close attention to fundamental information, the Federal Reserve's interest rate cut process, and expect a slight correction today before continuing to rise.
· The second coin followed BTC's rise, once again touching the 2700 resistance level. Watch for breakout conditions; the daily level is about to complete its correction, and a new round of increases is expected to start.
BTC has entered the overbought range on the 1-hour and 4-hour levels, while the daily level has returned to a healthy range. A slight correction is expected today before continuing to rise.
Daily support: 108700-107700
Resistance above: 112300-112800
ETH has entered the overbought range on the 1-hour and 4-hour levels, while the daily level has returned to a healthy range. A slight correction is expected today before continuing to rise.
Daily support: 2615-2575
Resistance above: 2755-2785
