Yueying: Bitcoin and Ethereum Market Analysis (June 9-10): Is a Major Rebound a pipe dream? Short-term suggestions included.

On the daily chart, Bitcoin's previous candlestick closed near the 7-day moving average, and it opened with a narrow range of downward movement. The Bollinger Bands are widening downwards, short-term moving averages are trending downwards, the MACD fast and slow lines are flattening with decreasing volume, the KDJ is turning downwards; watch for support near the zero line. The VR indicator is consolidating around 20. On the 4-hour chart, after being resisted by the upper Bollinger Band, the price has closed lower for several consecutive days and is currently testing support around the middle Bollinger Band and the 7-day moving average. The Bollinger Bands are turning downwards with continuously decreasing volume, the KDJ is turning downwards again; watch for support near the zero line. The VR indicator is consolidating around 80. Overall, the market failed to break and stabilize above the 7-day moving average on the daily chart, indicating a continued risk of further decline. The strategy remains the same as before: in the short term, continue to focus on the resistance around 65000, and the support around 61000. The primary focus is on low-level range-bound consolidation; don't expect a strong upward surge or large rebound. Short-term entry points should focus on support and resistance levels. See short-term suggestions: Bitcoin short-term suggestions: Long at 61500, Short at 64800 (Take profits as needed). Ethereum 4-hour chart shows the current price action around the middle band and the 7-day moving average. If short-term support holds, a rebound is possible. The overall technical analysis is similar to Bitcoin's. Short-term resistance is around 1780, and support is around 1600. See short-term suggestions: Ethereum short-term suggestions: Long at 1630, Short at 1765 (Click the image to see the homepage introduction for more cryptocurrency analysis). —I am Zhou Yueying, a teacher specializing in technical analysis. Feel free to discuss and learn with me if you have any questions about trading or trends! Let's exchange ideas and benefit together!