Yueying: Bitcoin and Ethereum Market Analysis (June 11-12): Hope for Bulls to Break Even? (Short-Term Strategy Included)
On the daily chart, Bitcoin's previous candlestick closed lower after encountering resistance around the 7-day moving average. Intraday trading opened around 61,000, where the price stabilized and rebounded. The Bollinger Bands are widening downwards, short-term moving averages are slightly flattening, the MACD fast and slow lines are turning upwards with decreasing volume, the KDJ is turning upwards again, and attention should be paid to resistance around the 50 level. The VR indicator is consolidating around the 20 level. On the 4-hour chart, the price is oscillating narrowly above the middle Bollinger Band, currently testing short-term resistance at the 60-day moving average. The Bollinger Bands are flattening and narrowing, short-term moving averages are turning upwards, the MACD fast and slow lines are extending upwards with increasing volume, the KDJ is encountering resistance at the 100 level and turning downwards, and the VR indicator is consolidating around the 110 level. Overall, after finding support around 61,000, the price rebounded and is testing the previous high again. The structure remains largely unchanged, so the short-term strategy remains the same: observe the small range consolidation and wait for a breakout. The immediate resistance level to watch is the previous high around 64,200; a break above this level would target the 65,800 area. The first support level is around 60800. If this level holds, short-term trades can be entered within this range. A break below could lead to a faster decline followed by a pullback. If it holds, there's not much to predict. See short-term suggestions. Bitcoin short-term suggestions: Buy at 61600, sell at 63800. Ethereum's price action is limited, with the previous suggestion of buying at 1630. It's expected to remain in a narrow range today. The overall technical analysis can be referenced in conjunction with Bitcoin. Short-term support is around 1600, and resistance is around 1780. If the range holds, the strategy can continue. See short-term suggestions. Ethereum short-term suggestions: Buy at 1630, sell at 1765 (For more cryptocurrency analysis, click the image to see the homepage introduction). — 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!