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June 11 $BTC Market:
The recent market trend is indeed as mentioned yesterday, entering a narrow range of fluctuation, with both bulls and bears having opportunities, last night hitting the 4-hour lower boundary and then bouncing back up. Regarding the short-term trend of Bitcoin, pay attention to when the convergence here breaks through.
Resistance is between 63,400-63,700, where 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 short positions is also that the trend line here cannot be broken. At the same time, it is at the 4-hour upper boundary, so the space for going higher and then shorting is not large. Proper take profit is recommended without overextending.