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. Based on the shift in U.S. stock strategy, BTC is fluctuating within a range, moving between 64,000 and 60,000. Shorting at highs, going long at lows. After a week of low-level consolidation, with moving averages stabilizing, a slight dip below the lows could be an entry point for large-scale long positions.
【BTC Bottom-Fishing Trilogy】
1. Observe daily chart to see if 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. 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 the lows will likely be an entry point for large long positions.
Conclusion【Consolidation and pause】
Strategy: ✅ Central consolidation ✅
1️⃣ Market 【BTC ETH】 Current key support levels:
【BTC】Short
Open: Short if price breaks above 64,250
Stop loss: 12-hour close above 64,500
Take profit: 60,800
【ETH】Short
Open: Short if price breaks above 1,710
Stop loss: 12-hour close above 1,738
Take profit: 1,620
【BTC】Long
Open: Long around 60,000 after decline
Stop loss: 12-hour close below 59,000
Take profit: near 64,000
【ETH】Long
Open: Long around 1,600 after decline
Stop loss: 12-hour close below 1,505
Take profit: near 1,700
【BTC】【ETH】 Watch BTC: 59,000, 58,000, 55,000, ETH: 1,500, 1,450—bottom area with narrowing declines. Near the bottom, a sharp rise is unlikely; bottom consolidation and accumulation need to be completed this week. Avoiding a sharp drop is a victory.
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All opinions are personal views only.
Not investment advice. DYOR.