June 10 Cryptocurrency Market Analysis


【U.S. Stocks】
Relying on call signals, as long as the market can't control the downward trend, there will always be big players calling for tech stocks. The rebound at the end of the decline today probably won't be very strong. MicroStrategy was down another 8% last night; watch whether it accelerates further today.
【BTC Bottom-Fishing Trilogy】
1. Check daily chart for new lows every day. 【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 chart. 【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 pullback ✅
1️⃣ Market 【BTC ETH】 Current key support levels:
【BTC】Long
Open position: Wait tonight to see if breaking the previous low has momentum to go long
Stop loss:
Take profit:

【ETH】Long
Open position: Wait tonight to see if breaking the previous low has momentum to go long
Stop loss:
Take profit:

【BTC】【ETH】 Focus on BTC: 59,000, 58,000, 55,000, ETH: 1,500, 1,450, the decline is narrowing near the bottom area. Near the bottom zone, a sharp surge is unlikely; starting to shake out and accumulate at the bottom needs to be completed this week. Not crashing is a victory.

If this helps you, please give Brother Qiang a like 👍 and follow 11.
All opinions are personal views only.
Not investment advice, DYOR.
BTC-2.72%
ETH-3.42%
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HighAmbition
· 3h ago
good information 👍👍
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