Recently opened a physical restaurant, and most of my energy is focused on the restaurant, so there has been a slight delay in cryptocurrency matters, and the article updates have been less frequent. However, daily market suggestions are still published in the internal group.

Without further ado, let’s summarize the recent events and their impacts. On June 9, China and the U.S. resumed high-level economic and trade dialogues in London for two days. This meeting focused on two core issues: China's export restrictions on rare earths and the U.S. export controls on technology products to China. Although both sides expressed cautious optimism during the negotiations, whether this will bring substantial changes to the persistently tense U.S.-China trade relations remains uncertain.

Secondly, with the U.S. showing an increasingly open attitude towards cryptocurrency regulation, coupled with the successful case of the publicly listed company MicroStrategy continuously buying Bitcoin and achieving significant unrealized profits, more and more publicly listed companies are starting to implement Bitcoin reserve strategies. Among them, the Bitcoin spot ETF (IBIT) under asset management giant BlackRock has once again written a new chapter in the ETF industry, taking 341 trading days to surpass an asset management scale of $70 billion, breaking the previous record of 1691 days set by the largest gold ETF. BlackRock currently holds 582,000 Bitcoins, with a total value exceeding $62 billion, an average acquisition cost of $70,086 per Bitcoin, and a total profit of approximately $21.2 billion.

In terms of cryptocurrency, influenced by the U.S.-China negotiations, Bitcoin briefly broke through the $110,000 mark around 5 a.m. on the 10th, reaching a high of $110,650. As of the time of writing, it has retreated slightly, quoted at $108,800, with a 24-hour increase of 0.42%.

Bitcoin Four-Hour Chart

Bitcoin's price is currently at a high level, close to the upper band of the Bollinger Bands. The rapid rise of the middle band indicates that the overall trend remains upward. As long as the price does not fall below the support level of the middle band at $106,500, the bullish pattern will remain unchanged. The KDJ three-line values are all operating at high levels, but the J value has already turned downward, indicating a signal of a pullback after being overbought. A turn in the KDJ after entering the overbought zone is usually a signal of a short-term peak.

The MACD indicator shows that the DIF line value is significantly higher than the DEA line value, maintaining a clear golden cross state. Although the MACD histogram is still red, it has started to shorten, indicating that bullish momentum is weakening. If the MACD histogram continues to shorten or even turns green, it means that the short-term upward momentum is fading, and bearish pressure is about to emerge.

From the Fibonacci retracement levels, the price has rebounded to above the 78.6% level (107066.91). The current price of $108,848.25 is in a high area. If it can break through the 100% retracement level of $111,980, it will open up new upward space. However, if it cannot stabilize in the $108,800-$110,000 range, it may retreat to the 61.8% (107565) or even 50.0% (106201) retracement area. Overall, although there is short-term pullback pressure, as long as the key support level between 38.2%-50.0% ($104,838-$106,201) is maintained, the medium to long-term trend remains positive.

Comprehensive analysis: The upward trend has not been broken, and pullbacks can be used to accumulate positions; the middle band support is around $105,000. If this effective support holds, the bullish structure remains healthy.

In summary, the following suggestions are provided for reference:

Buy Bitcoin on a pullback to around $106,200, with a stop loss at $105,500 and a target of $107,500-$109,000.

Instead of giving you a 100% accurate suggestion, I prefer to provide you with the right mindset and trend. After all, teaching someone to fish is better than giving them a fish; the advice may earn you a moment, but learning the mindset will earn you a lifetime! The focus is on the mindset, grasping the trend, planning the market layout and position. What I can do is use my practical experience to help you, guiding your investment decisions and business management in the right direction.

Writing time: (2025-06-11, 02:20)

(Written by - Master Says Coin) Disclaimer: There may be delays in online publication, and the above suggestions are for reference only. The author is dedicated to research and analysis in the fields of Bitcoin, Ethereum, altcoins, foreign exchange, stocks, etc., with years of experience in the financial market and rich practical operation experience. Investment carries risks, and caution is advised when entering the market. For more real-time market analysis, please follow the official account Master Says Coin for discussion and exchange.

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