June 11 Morning Strategy Analysis of Cryptocurrency

At $BTC , the price rebounded from 108300 to 110400 before entering a consolidation phase, with upward momentum diminishing. Technically, the daily chart shows a cloud cover pattern conflicting with a flat bottom formation; the 4-hour trading volume decreased by 35%, and the MACD red bars shortened; the Bollinger Bands middle line is flat, with noticeable consolidation in the 111000 - 108000 range.

It is suggested to short lightly at 110600 - 111100, with a stop loss at 111500 and a target of 110000 - 109000; breaking below 108500 could lead to a short position down to 107000.

ETH rebounded to 2830 but encountered resistance, with 2800 - 2830 as a strong resistance zone, RSI divergence noted, large whales reducing their holdings, and an increase in exchange inflows. The correlation with BTC on the 1-hour chart is 0.87, and a BTC breakdown could accelerate ETH's correction. It is suggested to short at 2800 - 2830, with a stop loss at 2850 and a target of 2700 - 2650; breaking above 2850 could lead to a light long position up to 2900.

Additionally, the Federal Reserve's meeting minutes will be published tonight, with a slowdown in capital inflow to altcoins, and Bitcoin options' implied volatility dropping to a 3-month low; be mindful to set alerts to prevent sudden market changes.