June 10 Midday Market Analysis $BTC $ETH

Ethereum initially declined from the high of 1696 under pressure, currently consolidating around 1631. Although short-term bearish sentiment is dominant, with clear selling pressure in the 1660-1680 range, structurally, after repeatedly testing the support zone around 1610-1620, the downward momentum has significantly slowed, and buying interest below has begun to emerge. The hourly chart shows signs of a bottoming process, indicating a short-term need for stabilization and a rebound. The current position should not be overly shorted; instead, focus on buying opportunities at lower levels.

Trading Suggestions
Buy directly in the 1620-1630 range, targeting 1700-1750.