Bitcoin/Ethereum has ended its multi-day downtrend and is currently showing signs of stabilization and rebound. In fact, the market did stabilize yesterday and the day before, closing with long lower shadows for two consecutive days; however, the continuous breaking of lows meant the stabilization was not complete. Today's bullish candle is truly a sudden surge, offering a last chance for those holding short positions to exit. After all, following several days of continuous declines and a rebound, there will likely be another test of lower support levels. From another perspective, the large one-sided market that occurs every few months has essentially come to an end, making the market much easier to navigate in the coming period. The four-hour and eight-hour charts show a rounded bottom rebound structure, indicating that the trend has basically stabilized. Furthermore, the four-hour and eight-hour moving averages provide support at 1580 and 61000-61500 respectively. Once the market provides a pullback opportunity, it's a good time to re-enter long positions. For resistance, watch the 66000 and 1780 levels. Tonight, patiently wait for a pullback opportunity and look for a rebound. Evening trading suggestions: Buy Bitcoin around 61400 to 61800, with a target of 63500 to 64000; Buy Ethereum around 1590 to 1605, with a target of 1660 to 1680.
Gu Jingci: Bitcoin/Ethereum has been a continuous decline since June 7th, but what has been lost will eventually be regained!
2026-06-07 12:30:08
Share
Disclaimer: This article is copyrighted by the original author and does not represent MyToken’s views and positions. If you have any questions regarding content or copyright, please contact us.(www.mytokencap.com)contact
About MyToken:https://www.mytokencap.com/en/aboutusArticle Link:https://www.mytokencap.com/en/choicenews/3301841.html
More exciting content is available on
X(https://x.com/MyTokencap)or join the community to learn more:MyToken-English Telegram Group
(https://t.me/mytokenGroup)
X(https://x.com/MyTokencap)or join the community to learn more:MyToken-English Telegram Group
(https://t.me/mytokenGroup)