6.11 BTC/ETH daily line five consecutive bullish candles, breaking 110700 aiming for a new high.

CN
2 days ago
  • 6.11 Technical Key Points Analysis:

  • BTC:

  • Bitcoin has seen five consecutive bullish candles, breaking through significant resistance at 110700, with minimal pullbacks during this phase of upward movement. Many in the market have missed out, so it's important to maintain a good mindset. We are focusing on cyclical, long-term opportunities that arise daily, capturing a portion of the steady fluctuations.

  • Key resistance to watch above Bitcoin is the high at 110700. If it stabilizes and breaks through, it is likely to challenge new highs. On the downside, continue to monitor the support at 108500; a bullish position was established here the previous day. The critical support level below is between 106800-6500. Take note, as this is the lifeline for bulls; the first touch here is likely to be bullish.

  • The trend remains bullish, primarily looking for bullish pullbacks and following the trend. The two support levels below are 108500 and 106800.

  • ETH:

  • Ethereum has entered a recovery mode over the past two days, breaking through 2550 and exhibiting strong momentum, with a peak testing around 2800 where it faced short-term resistance. Analyzing the chart, we can see that the range of 2800-2850 is a significant level of top-bottom conversion, and the previous two attempts by Ethereum to breach this area were unsuccessful. Today, we need to watch if it can stabilize effectively at this level; if it does, the next test will be the range of 2950-3000, where a first touch can be seen as a short opportunity.

  • For the short term, watch for support around 2720-2700; the first touch here is likely to be bullish, with the starting point for upward movement at 2650, which is an important support level.

  • The bullish trend remains unchanged, with the main idea being bullish pullbacks, and more timely insights will be provided during trading hours.

  • For more free real-time investment strategies, trading techniques, operational skills, and knowledge about candlestick patterns, you can scan the code to follow (WeChat Official Account: Trend Thought Notes)

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