6.11 Today's Market Analysis



Bitcoin: Rebounded to the 61,800-62,200 range for positioning, with targets looking towards 60,800-60,000, and a stop-loss set at 63,200.

Ethereum: Rebounded to the 1,640-1,680 range for positioning, with targets looking towards 1,600-1,580, and a stop-loss set at 1,700.

Last night, influenced by CPI data, the market experienced a rebound, but the overall weak pattern remained unchanged, and the upward momentum was unsustainable. After probing above the 62.8k resistance level, prices quickly retreated, and the downtrend continued to ferment, with a low of around 61k. The short position strategy set up earlier in the morning was successfully executed, netting over 1,500 points in profit.

From the 4-hour chart, Bollinger Bands are tightening, with prices moving near the lower band; MACD shows weak bullish momentum, and the moving averages are forming clear resistance, indicating insufficient rebound strength. Intraday operations mainly focus on shorting. #币圈 Blockchain # # # $BTC $ETH #Gate直通IPO认购SpaceX #贝莱德减持BTC增持ETH
BTC2.56%
ETH1.90%
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