Mr. Coin in the Crypto Circle: On June 10, Bitcoin broke upward again, and the price is expected to test the 110,000 mark for Bitcoin (BTC). Latest market analysis reference for Ethereum (ETH) today.

CN
6 hours ago

Cryptocurrency trading is a long-term plan; it is not about immediate results, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends should learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

6.10 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends

After a slight consolidation during the day, Bitcoin saw a small bullish breakout from evening to early morning, with prices breaking through the resistance level of 109,000 and currently operating near the high of 109,300. The market has entered a high range, and bullish sentiment has warmed up, leaning towards an upward trend, so it is recommended to focus on long positions.

From the short-term 4-hour chart, the Bollinger Bands are in an opening posture, with the market operating above the upper band. Recently, the 4-hour level has seen consecutive bullish candles breaking the previous high of 108,767, forming an ascending channel structure. On the daily level, after a long lower shadow line tested the bottom at 103,871 on June 7, there has been a continuous three-day increase in volume, forming a bullish engulfing pattern. MACD: The 4-hour level DIF (894) has crossed above DEA (512), and the histogram continues to expand. The daily MACD (-581) shows a bottom divergence. The 4-hour RSI (73.99) has reached the overbought zone but has not flattened, while the daily RSI (61.82) has broken through the midline. EMA: The price is stable above EMA7 (107,608) and EMA30 (105,915), with EMA7 crossing above EMA30 forming a golden cross. Overall, the short-term market is leaning towards strength, with a key focus on the psychological resistance level of 110,000. The price may test the 110,000 mark, and it is recommended to focus on long positions during pullbacks.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.

6.10 Short-term Reference for Bitcoin:

Light short positions at 111,800-112,000, with a stop loss at 113,800, target below 110,500.

Long positions at 108,500-107,500, with a stop loss of 500, target above 109,500.

6.10 Short-term Reference for Ethereum:

Short positions at 2,725-2,655, with a stop loss at 2,750, target below 2,600.

Long positions at 2,505-2,575, with a stop loss of 30 points, target above 2,600.

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set stop-loss and take-profit levels to secure your gains.

Mr. Coin's public account: For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.

For more real-time trading strategies, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive opinions, there may be delays in article posting, and risks are to be borne by yourself. Manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep pushing. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!

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