June 10th $BTC Market:


Within Bitcoin's market: The 62,400 level has become a resistance level, and those looking to go long on the right side should pay attention to when the trendline on the hourly chart breaks and when 62,400 moves higher. Those going long on the left side are betting on the formation of a double bottom on the 4-hour chart, with an attempt at support around 60,150. The 4-hour chart continues to fluctuate within a narrow range, so both bulls and bears have opportunities. A more conservative suggestion is to adopt a long position on the right side.
Within Ethereum's market: Ethereum's approach is similar to Bitcoin's, with 1,642 as a resistance level. Those looking to go long on the right side should watch for when the downward trendline is broken and when 1,642 moves higher. Support levels are at 1,585 and 1,530 below. For those going long on the left side, a stop loss near 1,530 is recommended to minimize losses. Going long here is also betting on the formation of a double bottom on the 4-hour chart.
Remaining time in June, the space for cryptocurrencies probably won't be very large. We still need to continue analyzing whether the 4-hour trend will keep extending within a narrow range. If prices go higher, the priority remains to short.
BTC-1.42%
ETH-2.19%
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