Waves in the Crypto Sea: June 10 Bitcoin (BTC) Market Analysis Reference:

Bitcoin's intra-day market continues its weak volatility, with the long-term downward trend in the daily chart unchanged. The coin price continues to run below the middle line of the Bollinger Bands, and the Bollinger channel opens downward, while the medium and long-term moving averages exert pressure from above. The MACD remains below the zero line, and the bearish momentum has slowed; KDJ and RSI are at the edge of oversold, only showing slight repair and rebound demand, lacking a bottom reversal structure. The primary pressure for a short-term small rebound is at the 7-day moving average of 63100. If the rebound is weak, the market will retest the previous low support again, and once the low fails, the downside space will further expand.

The short-cycle 4-hour chart has entered a narrow range of fluctuations, with the coin price pressured below the middle line of the Bollinger Bands, and all short-term EMA moving averages are forming pressure. The MACD shows a death cross, with the bars turning negative, and the bullish momentum has faded; the KDJ three lines diverge downwards, with RSI also dropping, still in a weak range. The core short-term support is at 60800. If support holds, box fluctuations will continue; a valid drop below support will lead to a weaker daily line, making it very likely for the market to continue to probe lower. Only by stabilizing at the 62500 Bollinger middle line can there be the ability to challenge the phase high of 64234. It is recommended to focus on shorting during rebounds in operations. Waves in the Crypto Sea: June 10 Bitcoin Short-Term Reference:

Long Positions: Buy in the range of 59500-60500, stop loss at 500 points, target at 61500-62500,

Short Positions: Sell in the range of 63200-62500, stop loss at 500 points, target at 61500-60500,

【The above analysis and strategy are for reference only, please bear the risk yourself. The article may be reviewed and published with a delay, and the strategy may lack timeliness. Do not operate blindly】

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