Zhou Yanling: 6.10 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
Boosted by the dollar's pullback, declining U.S. Treasury yields, and geopolitical tensions, Bitcoin briefly broke through the 107,000 resistance on Monday, currently reaching around 108,400. However, the expectation of interest rate cuts by the Federal Reserve this year has cooled, and bullish momentum may struggle to maintain its previous strength, with potential rebounds likely to be limited. Yesterday, before the European market opened, the price maintained a range-bound consolidation, with the market engaged in a tug-of-war over Federal Reserve policies. Despite the U.S. adding 139,000 non-farm jobs in May, exceeding expectations, the unemployment rate at 4.2% and average hourly wage growth at 3.9% were slightly higher, indicating robust data that weakens the possibility of rapid interest rate cuts this year. Meanwhile, the expanding U.S. fiscal deficit and declining Treasury yields are suppressing the dollar; additionally, the Russia-Ukraine situation and the Gaza conflict are providing safe-haven support.
From the market trend perspective, the daily chart shows a continuous price increase recently, forming multiple bullish candles, especially with a significant surge yesterday that quickly broke through the previous consolidation range. The hourly chart displays a stepwise upward trend, with slight consolidation at current high levels, indicating some signs of stagnation. Technical indicators show that both the hourly DIF and DEA are above the zero axis and continue to diverge, but the histogram is shortening, indicating weakening momentum; the daily MACD is strongly upward after a golden cross, with the trend still leaning bullish. The hourly RSI is in the overbought area (around 73), but no clear pullback signal has appeared; the daily RSI is gradually rising above 70, indicating a relatively optimistic market sentiment. The hourly EMA7, EMA30, and EMA120 are in a bullish arrangement, with prices running along the EMA7; the daily EMA7 has crossed above the EMA30 and EMA120, strengthening support. As I mentioned in my analysis yesterday, as long as the price remains above 93,000, the bull market is still in play, and any pullback is just a correction, so there is no need to worry too much.
Zhou Yanling's 6.10 Bitcoin Trading Strategy:
Buy at 106,700-107,500, stop loss below 105,500, target 108,500-109,400, continue to look for upward movement towards around 110,200.
Sell at 110,000-109,200, stop loss above 111,000, target 108,000-107,200.
Zhou Yanling's 6.10 Ethereum Trading Strategy:
Buy at 2,480-2,520, stop loss below 2,440, target 2,660-2,690.
Sell at 2,710-2,680, stop loss above 2,760, target 2,600-2,560.
[The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.]
This content is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. For more real-time community guidance, consultation on position liquidation, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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