【$btc】2025.6.11

Yesterday, it was particularly emphasized that 108500 is a critical dividing line between bulls and bears. If it holds, we can continue to rise; if it falls below, the price will shift from strong to weak, and a significant adjustment may follow. Some friends, after hearing this, decisively added positions at 108500, and after one night, they reaped a wave of profits. Additionally, it was emphasized that 110000 is a short-term resistance; only by breaking through and stabilizing above 110000 can we have the possibility of hitting a new high. After the price rebounded to a maximum of 110400, it has been adjusting ever since, and the adjustment is not over, equivalent to a false breakout of 110000, facing resistance and falling back. With the price acting this way, whether it can hit a new high is temporarily a question mark.

Currently, the effective support below is at the 108900 level. The resistance above is concentrated at the 109800 level. If the price wants to continue rising, it must at least break through and stabilize above 109800, which is the minimum standard. If today's market cannot reach this position, an adjustment is difficult to avoid. In other words, if the price cannot rise above the 109800 level, it will first drop to the 108900 level, where there will likely be a small rebound. If the rebound cannot turn into an upward trend, the next possible drop may be to the 107500 level.

If the price continues to rise, where can it go? Currently, the strongest resistance is at 110800; as long as it breaks through here, it will be a historical new high. Where it can reach a historical new high is uncertain. It can only be said that the bulls will fall into a frenzy, and at this time, it is often when you need to remain calm. #看懂K线 #以太坊生态回暖 #CPI数据来袭