June 11 $BTC $ETH Market:


The recent market trend is indeed as Director Zhao said, entering a narrow range of oscillation, with both bulls and bears having opportunities. Last night, it hit the 4-hour lower band and then moved back up. Regarding the short-term trend of Bitcoin, pay attention to when the convergence here breaks through.
Resistance is between 63,400 and 63,700; you can try to do a retracement first, then push up to resistance at 64,700.
For Ethereum, resistance is at 1,690-1,700 and 1,730. The logic for shorting is also that the trend line here cannot be broken. At the same time, it is at the 4-hour upper band, so the space for going up and then shorting down is not large; appropriate profit-taking is recommended without overextending.
ETH1.58%
BTC2.26%
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