6.11 09:00–23:00 Market Analysis Summary

From 9:00 to 23:00 on June 11, Big Cake and Ether generally moved into a high-level range market after a surge followed by a pullback. Big Cake kept rebounding from around 61068, with the evening high reaching around 63235, and then retraced under pressure back to the 62600 area; Ether rebounded from around 1603 all the way to around 1673, then gradually fell back to the 1640 area to trade in consolidation. Overall, the bulls still control the pace, but overhead pressure has started to become evident.

In terms of price structure, after Big Cake successfully held the 62000 level, it repeatedly tested the resistance around 63200, but failed to form an effective breakout. Ether around 1670 also encountered clear selling pressure. In the short term, the trend has gradually shifted from a one-way rebound to high-level consolidation and range trading.

As for capital flows, as prices continued to rise, trading volume expanded significantly. ETF funds remained in a net inflow state, and some institutional funds continued to enter the market to set up positions. However, in the high-level areas, some profit-taking also began to materialize, increasing divergence in the market.

On the technical side, the MACD is still maintaining a bullish structure, but the red histogram has started to shorten. Both the KDJ and RSI are running at relatively high levels, indicating the market has some need for consolidation. On the news front, overall sentiment is relatively warm: the market continues to price in expectations for interest rate cuts. ETF fund flows and on-chain accumulation behavior continue to provide support to the market.

Overall, on June 11, the market completed a round of high-impulse rebound followed by consolidation at elevated levels. The bullish structure has not yet been broken, but short-term has entered a pressure range. Going forward, the key focus is the breakout situation around 63200 and whether capital inflows can continue with sufficient strength. #美伊冲突升级 $BTC $ETH