Bitcoin and Ethereum Market Analysis on 6.11: BTC, ETH Highlights Today
Market Review
Yesterday, BTC continued to rise after a mild adjustment, meeting expectations. The 4-hour trend remains healthy, with slightly weakened upward momentum, which is not a major issue. The daily-level adjustment is complete, with a golden cross formed on the axis, and a new round of rise is about to start. The weekly trend remains healthy. Pay more attention to fundamental information and the Federal Reserve's interest rate cut process. The daily expectation is to maintain an upward trend, with the potential to break through historical highs. On the larger cycle, the weekly golden cross has formed, and a new round of market movement is expected to start
The secondary market followed BTC's synchronous rise, successfully breaking through the 2700 resistance level, with the daily-level repair completed, and a new round of rise is about to start
Altcoins followed the mainstream synchronous rise, with market sentiment slightly recovering. The altcoin index remains low, and the mainstream market is expected to emerge, making it a good time to build a position. Focus on meme, ETH track coins, with Pendle being a good choice. The daily trend has already emerged and can be considered for follow-up, with potential for rise. Recently, Binance has frequent activities, with continuous Alpha points activities that can be accumulated while waiting for the next round of activities. SOL's on-chain activity continues to increase, and MEME coins are worth paying attention to
Today's Highlights:
BTC is in the overbought zone at 1-hour and 4-hour levels, returning to a healthy zone at the daily level. The daily expectation is to maintain an upward trend, with lower support at 108500-109000 and upper resistance at 111000-112000
ETH is in the overbought zone at 1-hour and 4-hour levels, returning to a healthy zone at the daily level. The daily expectation is to maintain an upward trend, with lower support at 2700-2750 and upper resistance at 3000-3050
