Analysis for the evening of June 10th


The price has already broken below the middle line of the Bollinger Bands, now trading between the middle band and the lower band, with the Bollinger Bands widening, indicating that the short-term downward trend is still continuing.
- Moving Averages: Both short-term and medium-term moving averages are pressing above the price, and their order from top to bottom is decreasing, indicating strong resistance above and that a rebound is not easy to achieve.
- MACD: The downward momentum has weakened, with the previous green bars starting to turn red, but overall it remains in a weak zone and cannot be considered a reversal signal.
- KDJ: The short-term indicator has already fallen to a low level, entering the oversold zone, indicating a short-term technical rebound and correction is needed, but whether it can rebound depends on subsequent volume and capital support. Personal suggestion: around 61,800-62,500, reserve space for a rebound, watch for a potential correction, and focus on the support at 60,700-60,000 for #BTC stabilization.
BTC-2.21%
ETH-2.69%
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