June 11 Cryptocurrency Market Analysis

【U.S. Stocks】
Yesterday, U.S. stocks continued to sell off technology stocks, with several core tech companies dropping around 5%, MicroStrategy showed signs of narrowing declines, and based on the shift in U.S. stock strategy, BTC is fluctuating within a range, oscillating between 64,000 and 60,000.
Buy on dips, sell on rallies. After a week of low-level oscillation, if the moving averages stabilize and slightly break below the lows, it could be a good entry point for large-scale long positions.
【BTC Bottom-Fishing Trilogy】
1. Observe daily chart whether new lows are being made. 【Satisfied, focus on Monday】
【Lowest point: BTC: 59,130.91 ETH: 1,505.68, no longer making new lows】
2. The key support levels need to be round numbers. 【Not satisfied, no round numbers】
【No round numbers】
3. Watch for the formation of bottom reversal patterns on the 12-hour chart. 【Satisfied】
【Reversal pattern appears】
For these three points (2/3), continue to wait for the final signal—breaking below the lows will likely be the signal to enter large long positions.
Conclusion【Consolidation and Rest】
Strategy: ✅ Central consolidation ✅
1️⃣ Major Market 【BTC ETH】 Current key support levels:
【BTC】Short
Open position: Short if price breaks above 64,250
Stop loss: 12-hour closing price above 64,500
Take profit: 60,800

【ETH】Short
Open position: Short if price breaks above 1,710
Stop loss: 12-hour closing price above 1,738
Take profit: 1,620

【BTC】Long
Open position: Long around 60,000 after decline
Stop loss: 12-hour closing price below 59,000
Take profit: near 64,000

【ETH】Long
Open position: Long around 1,600 after decline
Stop loss: 12-hour closing price below 1,505
Take profit: near 1,700

【BTC】【ETH】Pay attention to BTC: 59,000, 58,000, 55,000, ETH: 1,500, 1,450—bottom area with narrowing declines.
Near the bottom zone, a sharp rise is unlikely; the bottoming process involving oscillation and accumulation needs to be completed this week. Avoid a sharp drop—that's the victory.
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All opinions are personal views only.
Not investment advice, DYOR.