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6.10 Wednesday Early Morning Market Analysis:
BTC’s market saw a continued incrementally falling retracement overnight, dropping from around 62,900 back to around 61,100. The ETH market retreated from around 1,685 to around 1,632.
On the daily chart, the volume is shrinking and the candles are bearish. On the four-hour chart, reduced volume is gradually forming a downward cross. On the hourly chart, the candles continue to run below the lower band while incrementally falling.
Early Wednesday:
For the market around 61,600-62,100, look at 60,600-60,100.
For the market around 1,650-1,670, look at 1,610-1,585.
Market volatility is relatively high—pay attention to risk control and defense. Take profits within the range to secure gains.
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