6.11 Evening Thought Analysis and Forecast:

After the bottoming out in the early morning, Bitcoin and the altcoins generally maintained a volatile upward trend throughout the day. Bitcoin stabilized around 61,000 and rebounded, reaching a high of approximately 63,235 before facing resistance and pulling back, currently trading near 62,600; the altcoins also strengthened simultaneously, reaching a high of around 1,673, then retracing to the 1,640 area for consolidation. From the trend perspective, the market has completed the first round of recovery after the sharp decline earlier, entering a high-level rotation phase in the short term.

On the capital side, funds continue to flow into low positions, ETF-related capital movements remain stable, and market panic sentiment has significantly eased. The previously concentrated leveraged positions have been thoroughly cleaned up, making the chip structure healthier than a few days ago. Some whale addresses show signs of increased holdings, and on-chain activity has picked up.

Technically, Bitcoin's MACD continues to diverge upward, KDJ is in a high-level stagnation, and RSI is in a strong zone but has not yet shown obvious top divergence. The altcoin's overall trend is stronger than Bitcoin, and the support around 1,600 has been further confirmed. Although the current price is under pressure from the previous dense trading zone, the bullish structure has not been broken.

On the news front, the sentiment is relatively warm, with U.S. stock risk appetite remaining stable, and the market continues to focus on upcoming inflation data and interest rate expectations. There are no signs of further escalation in the international situation, and risk aversion has cooled somewhat.

Overall, we are currently in a recovery and upward correction phase after a sharp decline. As long as key support levels are not broken, the bulls still hold the advantage. Short-term pullbacks are worth paying close attention to.

Trading Suggestions:

Buy on dips around 61,500-62,000 for Bitcoin, target 63,800, 64,800.

Buy on dips around 1,600-1,620 for altcoins, target 1,670, 1,700. #美伊冲突升级 $BTC $ETH