6.11 Morning Thought Analysis and Forecast

Last night, the market overall showed a high-level oscillation structure after a bottoming rebound. Bitcoin's price briefly dipped to around 61,068 before gradually rebounding, reaching a high of about 62,384, currently trading above 62,000; Ethereum's price dipped to around 1,602, then rebounded to about 1,651, with overall movement linked to Bitcoin's recovery. After a significant decline the previous day, market panic sentiment has noticeably eased, and short-term funds are flowing back in.

From a capital perspective, trading volume increased during the Asian session, with active buy support at low levels, and some short sellers taking profits and exiting, pushing prices higher. Technically, Bitcoin's MACD maintained a bullish crossover at low levels, KDJ remains diverging upward, and RSI has returned to a neutral-strong zone. Ethereum also completed oversold recovery, but there is still some selling pressure above. Structurally, Bitcoin formed a range of 61,000-62,500, while Ethereum consolidated between 1,600-1,660.

On the news front, the market continues to focus on ETF capital flows, Federal Reserve rate cut expectations, and global risk asset performance. On-chain data shows increased activity compared to the previous two days, with whale addresses not showing significant selling behavior. The international situation has not seen new escalation events, and risk appetite remains stable.

Overall, the current market is in a consolidation phase after a recovery rebound, with bulls holding a certain advantage, but further volume confirmation is needed for a breakout. Resistance above and support below are relatively clear.

Trading Suggestions:
Bitcoin dips around 60,500-61,000, target 63,000, 64,000.
Ethereum dips around 1,580-1,600, target 1,660, 1,700. #美伊冲突升级 $BTC $ETH