6.10 Evening Bitcoin Market Analysis

In the afternoon, the short-term trend failed to continue and did not break through the middle-band pressure on the 1-hour chart. Judging from today’s price action, the highs are still moving downward continuously, and the rebound strength continues to weaken. Although there is buy-side support under Bitcoin, overall market sentiment is leaning toward panic, making it difficult for the altcoin to deliver an effective rebound. In the evening, the May CPI data will be released, and with the U.S. stock market opening, the market is unlikely to be stable. If a dovish signal is released, under this environment, Bitcoin at 60000 is very likely to fall below again, and may even test new lows. It is recommended to keep tonight’s short-term exposure light, focusing mainly on rebuying at rebounds. If a volume-backed breakdown occurs below 60500, continue to follow up; for the short-term, the overhead resistance level to watch is 62000. For Ethereum, if the 1600 level breaks out on increased volume, it is also a direct signal to follow with a short-term target around 1580. $BTC #SpaceX认购规模超2500亿美元 $ETH