Yueying: Bitcoin and Ethereum Market Analysis (June 10-11) - Will Another Oversold Sell-Off Signal a Reversal? (Short-Term Strategy Included)

Bitcoin's daily chart shows a bearish candlestick pattern, encountering resistance and downward pressure around the 7-day moving average. Intraday trading continues the weak, low-level consolidation. 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 upwards again, watch for resistance around the 50 level, and the VR indicator is consolidating around the 20 level. On the 4-hour chart, the price is consolidating narrowly above the lower Bollinger Band, currently testing short-term resistance around the 7-day moving average. The Bollinger Bands are widening, and short-term moving averages are parallel. The MACD fast and slow lines are crossing downwards and flattening with decreasing green volume, the KDJ found support at 0 and turned upwards again, and the VR indicator is consolidating around the 90 level. Overall, the market hasn't changed much, continuing its low-level narrow-range consolidation. The daily chart hasn't broken through the 7-day moving average resistance, and the technical structure maintains the previous view, with a probability of further downward movement to new lows. In the short term, focus on support above 60,000; a break below this level could accelerate the downward move. While the 7-day moving average is providing resistance, the lower end of the previous day's rebound high is also a potential resistance level. Short-term recommendations are as follows. Bitcoin short-term trading suggestions: Buy at 60800, sell at 63800 (manage profits as needed after strategy activation). Ethereum's daily and 4-hour technical charts can be used as a reference for Bitcoin's overall trend. Intraday trading is expected to remain in a low-level, narrow range. Short-term support is expected around 1600, and resistance around 1780. The strategy remains the same for short-term trading. Ethereum short-term trading suggestions: Buy at 1630, sell at 1765 (Click the image to see the homepage introduction for more cryptocurrency analysis). —I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!