BTC, ETH Evening Short-term Analysis: 6/11



The overall bullish trend remains intact, with moving averages in a bullish configuration and a bullish engulfing pattern forming. However, external negative pressures suppress the market, panic sentiment is strong, prices spike but face resistance, and there is a high risk of short-term pullback, resulting in range-bound oscillation.

Price breaks above the upper Bollinger Band, indicators are overbought, and bullish momentum is exhausted. The major trend remains bullish, but short-term pressure exists; selling at resistance levels aligns with the market rhythm.

Trading reference

BTC: Short at 62,400-63,100, target 61,200, 60,400
ETH: Short at 1,655-1,685, target 1,615, 1,595

Market volatility is intense; be sure to set stop-loss orders and trade quickly in and out.
Risk warning: Virtual currency trading carries extremely high risks. The content is for reference only and does not constitute investment advice.
BTC2.36%
ETH2.97%
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GateUser-229c4c88
· 6h ago
BTC, ETH Evening Short-term Analysis: 6/11
The overall bullish trend remains intact, with moving averages in a bullish configuration and a bullish engulfing pattern forming. However, external negative pressures suppress the market, panic sentiment is strong, prices rally but face resistance, and there is a high risk of short-term pullback, with sideways oscillation.
Price breaks above the upper Bollinger Band, indicators are overbought, and bullish momentum is exhausted. The major trend remains bullish, but short-term pressure exists; selling at resistance levels aligns with the market rhythm.
Trading reference
BTC: Short at 62,400-63,100, target 61,200, 60,400
ETH: Short at 1,655-1,685, target 1,615, 1,595
Market volatility is intense; be sure to set stop-loss orders and trade quickly in and out.
Risk warning: Virtual currency trading carries high risks. The content is for reference only and does not constitute investment advice.
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