June 11 Market Analysis:

On June 9, Bitcoin closed with a strong bullish candle on the daily chart, breaking through the previous fluctuation range and reaching a high of 110530 before pulling back. In the past two days, prices have maintained high-level fluctuations, with the daily chart showing slight bearish adjustments.

On the 4-hour level, prices have tested the 109500-110000 range multiple times and are currently sitting in the middle position. The MACD histogram is gradually shortening, and there are signs of a death cross in the DIF and DEA indicators, indicating a weakening of short-term momentum. On the daily level, the MACD red bars are beginning to narrow, and we need to be cautious of the subsequent risk of turning green.

Trading Suggestions:

For Bitcoin, range trade between 109800-110300, with a target downside near 108000-107000.

For Ethereum, range trade between 2800-2830, with a target downside near 2730-2700.