June 9 Cryptocurrency Market Analysis

【U.S. Stocks】
Yesterday, Friday's low was not broken, closing at the halfway point, with support from Old Trump and Old Huang Masters. Their verbal protection still has power. Will the trend continue today?
Strong: 1. A large bearish candle, see if it can be repaired tonight.
Weak: 2. A downward decline begins, continuing to break new lows over about three days.
【BTC Bottoming Three Steps】
1. Observe daily chart level daily whether new lows are still being made. 【Satisfied, focus on Monday】
【Lowest point: BTC: 59130.91 ETH: 1505.68, no longer making new lows】
2. The low point at key levels needs to be an integer milestone. 【Not satisfied, no integer milestone】
【No integer milestone】
3. Watch for the formation of bottom reversal patterns on the 12-hour level. 【Satisfied】
【Reversal pattern appears】
For these three points (2/3), continue to wait. Breaking the low is likely a false break.

Conclusion【Consolidation and Rest】
Strategy: ✅ rebound and fall back ✅
1️⃣ Major Market 【BTC ETH】 current key support levels:
【BTC】 Bullish
Open position: around 63,200
Stop loss: 62,477
Take profit: start taking profit above 65,000. If it accelerates upward to around 65,700, consider shorting.

【ETH】 Bullish
Open position: around 1,680
Stop loss: 1,664
Take profit: around 1,750. If it accelerates upward to around 1,770, consider shorting.

【BTC】【ETH】 Keep an eye on BTC: 59,000, 58,000, 55,000, ETH: 1,500, 1,450. The decline has narrowed near the bottom area.
Near the bottom zone, a sharp surge is unlikely. The bottoming process of shock absorption and accumulation needs to be completed this week. Avoiding a sharp drop is a victory.

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All opinions are personal views only.
Not investment advice, DYOR.