Tracking real-time hot topics in the crypto space and seizing the best trading opportunities. Today is Thursday, June 11, 2026. I am Wang Yibo! Good morning, fellow crypto enthusiasts ☀ Hardcore fans check-in 👍 Like and get rich 🍗🍗🌹🌹

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Wednesday's macro landscape saw mixed signals, with the crypto market continuing its weak consolidation. The US May CPI year-over-year increase hit a three-year high, but the data largely met expectations, easing market fears of aggressive Fed rate hikes temporarily. However, geopolitical risks quickly took over: the US military conducted strikes on Iran for the second consecutive day. Trump claimed "an agreement has been reached, awaiting Iran's signature," but also threatened to resume "intense strikes," and added two demands causing the deal to be delayed. The prospects for a ceasefire remain uncertain. The US dollar index returned to the 100 level, the 10-year US Treasury yield held above 4.56%, gold prices plunged nearly $200 intraday, and crude oil surged over 3% on supply concerns. The crypto market saw no safe-haven buying nor support from CPI data; Bitcoin and Ethereum continued to trade sideways with low volume, showing weak rebound momentum. The current market focus shifts back to the final outcome of US-Iran negotiations: if the deal falls through, risk assets may face further pressure; if signed, short-term sentiment could recover. However, given the unchanged macro liquidity tightening expectations and low on-chain activity, the crypto market is likely to remain weak and volatile, with a strategy of watching or lightening positions for buy low and sell high. Yibo will continue to monitor macro data, institutional fund flows, and on-chain changes, providing real-time updates.

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Bitcoin continued its overall weak consolidation yesterday: in the morning, it fluctuated narrowly around $61,800; in the afternoon, it dipped to a low of $60,694 before rebounding; during the evening US stock session, it surged to around $62,800 but failed to hold, then quickly retreated. By early morning, the price had retraced to around $61,200 for consolidation. From a technical perspective, the 4-hour chart shows a repeated tug-of-war pattern of "bottoming out, rising, then falling," with price still trading between the middle and lower Bollinger Bands. The midline (around $62,500) continues to act as resistance intraday. The short-term moving averages MA7/30 are tangled around $61,500–$62,200, with an unclear direction. The MACD lines are converging below the zero line with a bearish crossover, and the green histogram bars have shortened, indicating that bearish momentum has slightly weakened but bulls have not yet gained control. RSI hovers near 40, remaining in a weak zone. Volume-wise, there was no significant increase during the rebound, nor panic selling during declines, suggesting cautious market sentiment. Resistance remains at $62,500–$62,800; only a volume-supported break above can open upward space. Support is at $60,600–$60,800; if broken again, bears may test the $60,000 level. Overall, Bitcoin is in a low-range weak recovery phase, likely to continue sideways in the short term, with a strategy of high sell and low buy or waiting on the sidelines.

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Ethereum yesterday morning faced resistance at $1,660 and then declined, dipping to a low of $1,604 before a slight rebound. In the evening, it rose to $1,667 but was rejected again, then continued to fall. By early morning, it touched around $1,603, and currently, it has rebounded slightly to $1,620. From a technical perspective, the 4-hour chart shows price moving within the middle and lower Bollinger Bands, with the midline (around $1,645) acting as clear resistance. The short-term moving averages are in a bearish arrangement, with MA7/30 near $1,635 and $1,650 respectively. The MACD lines are diverging downward below the zero line with a bearish crossover, and the green histogram bars have not significantly shortened, indicating ongoing bearish momentum. RSI is near 35, weak and without clear divergence signals. Volume during the decline was slightly higher, while the rebound saw decreasing volume, showing limited market buying interest. The overall technical structure remains bearish, with resistance gradually lowering to $1,645–$1,660. Only a volume-supported break above this zone can ease downward pressure. Support levels are at $1,600–$1,605; if broken again with volume, bears may test $1,580–$1,550. The strategy is to maintain short positions on rebounds or wait and see, patiently looking for bottoming signals.