6.10 Evening Thought Analysis and Forecast

Today, Bitcoin and Altcoins generally formed a bottoming and rebound structure. During the day, the market briefly retreated, with Bitcoin touching a low of around 60,690, and Altcoins dipping to about 1,605. Later in the evening, funds quickly flowed back in, pushing prices through multiple short-term resistance levels. Bitcoin rebounded to a high of around 62,840, and Altcoins reached approximately 1,667, with intraday volatility significantly increasing.

From a capital perspective, trading volume in the evening was noticeably higher than during the day, with active support at lower levels. Some short positions exited passively, accelerating the upward movement. Technically, the MACD formed a golden cross at a low position, the KDJ continued to diverge upward, and the RSI returned to a strong zone, giving the bulls the advantage again. Chart-wise, both Bitcoin and Altcoins completed deep V-shaped reversals, shifting market sentiment from cautious waiting to a more optimistic outlook.

On the news front, the market continues to focus on ETF capital flows, Federal Reserve rate cut expectations, and the performance of global risk assets. Recently, on-chain activity has increased, with some whale addresses showing signs of accumulation. Meanwhile, the international situation has not further escalated, risk aversion has cooled, which is favorable for the recovery of risk assets.

Overall, after a sharp correction yesterday, the market has completed emotional recovery, and short-term funds are flowing back in. Currently, attention is on the resistance around 63,000 for Bitcoin and 1,670 for Altcoins. If trading volume continues to expand, there is potential for further upward space.

Trading Suggestions:
Bitcoin retrace around 60,500-61,000, targeting 63,000 and 64,000.
Altcoins around 1,600-1,620, targeting 1,700 and 1,750. #SpaceX认购规模超2500亿美元 $BTC $ETH