After bottoming out at 100305 on June 5, the big coin has followed the short-term moving averages (5EMA, 10EMA) to form a beautiful upward channel. Especially on the evening of June 10, there was a strong volume increase, peaking at 110653, reclaiming the previous high area. Combined with the latest K-line on June 11, there are several key points worth analyzing in the trend:
1. Core judgment from a technical perspective:
1. The moving average system supports continued upward attacks.
EMA5, EMA10, MA10 are still golden cross upward, with a strong short-term steering.
After multiple moving averages converge, they rise simultaneously, indicating that the short-term rhythm is still dominated by the bulls.
2. The SAR indicator has consistently remained below the K-line, and support has not been broken.
The 4-hour SAR support point has moved up to 107567, still in a bullish structure.
3. The upper Bollinger band shows clear resistance, with signs of consolidation.
The current K-line is close to the upper Bollinger band, and has not broken through the pressure at 110600 with significant volume, indicating a certain need for pullback and adjustment.
If the mid-track is not broken during consolidation, there is a chance for a second explosion.
4. Volume analysis.
The momentum for upward attacks has clearly increased, but today the market volume appears slightly reduced, attention should be paid to the sustainability of the upward momentum.
Current price: 109550.
Second key level: 109300.
First key level: 108200.
Stop-loss level: 110500.
