Analyst Liang Qiu: Bitcoin/Ethereum Alternating Rise on June 11, Continue to Watch for High Pullback in the Evening

The market for Bitcoin/Ethereum has shown an alternating rising trend in recent days, which also indicates that this round of rally is basically coming to an end. Moreover, both have broken recent high points, and Bitcoin has faced pressure multiple times below its previous high and has pulled back. The current price layout we made in the morning has also pulled back to around 2750 as expected. Friends trading Bitcoin can currently try a long-term strategy, looking to hold around 95000 at the 110000 level. The market phase may be nearing a peak, and there is no need to chase after more increases. The daily Bollinger Bands for Bitcoin have started to narrow, with clear pressure from above. Tonight, pay attention to the breakout situation around the 2880 level for Ethereum's compensatory rise.

Previously, it was mentioned multiple times that the previous high point of 112000 for Bitcoin serves as the current strongest resistance level, and there is no need to chase for a couple of thousand points of space. The trend is indeed strong, but chasing is not advisable. Afterwards, the primary focus below will be the first support around the 100000 level. If that breaks, look towards the 95000 level. Therefore, as mentioned earlier, long-term strategies can be laid out around 95000. Ethereum has also pulled back multiple times in the past two days, which is the last outpouring of bullish sentiment. Currently, for the evening, we can continue to watch for a pullback as the main focus after the rise.

Evening trading suggestions: BTC: Long around 110000 to 110500, target around 108000; ETH: Long around 2840 to 2860, target around 2760. For long-term strategies, look towards 95000 and around 2100.

【The above analysis and strategies are for reference only; please bear the risks yourself. The article's review and publication may not be timely; refer to real-time updates for specifics】 #看懂K线 #比特币突破11万美元