6.9 Morning Market Analysis End of Shakeout, Bulls Resonating to Open Rebound Channel

Currently, Bitcoin has experienced several days of narrow sideways consolidation above 60,000, and the phase of bottoming is basically over. As the selling pressure from the bears is fully released and chips are exchanged and settled, bullish momentum is steadily warming up. From a technical perspective, the price has reached near the upper band of the Bollinger Bands, and the opening is gradually expanding upward, indicating that the previous consolidation phase has officially ended, and the upward channel is gradually opening.

In terms of technical indicators, the MACD has formed a golden cross with the red histogram continuing to expand, the KDJ is in a neutral to strong zone, and the short-term moving averages are showing a standard bullish arrangement. These cross-verifications release clear bullish signals. Combined with the resonance of the larger cycle and the four-hour cycle, the overall market is expected to continue rebounding, and investors are advised to mainly adopt a low-buying strategy on pullbacks.

Trading Suggestions
Buy directly in the 62,000-62,500 range for Bitcoin, with the target above at 64,000-65,000

Buy directly in the 1,640-1,660 range for Ethereum, with the target above at 1,700-1,750