Zhou Yanling: 6.11 Bitcoin BTC Ethereum ETH Today's Latest Market Trend Analysis

I still say the same thing, at this stage it belongs to the bottom oscillation and bottom grinding, just running back and forth in the short term is fine, easy and stress-free. Bitcoin fell from 62000 to around 60800 yesterday, and now tonight it rebounded from above 60000 to around 62800, which will start to fall back down again. The oscillation is very obvious; after being tossed around for a while, it has not been able to break out in a clear direction. The main trend is still bearish. The current rise is just a normal rebound adjustment after falling a lot, so do not mistakenly think it has bottomed out. In the short term, keep a close eye on the support near 60000 below, if it does not break down, a small rebound will occur. The resistance above is seen at 64600; if it doesn’t go up, it will come down. The four-hour chart also shows back and forth between bulls and bears; although the indicators are starting to improve, the upward momentum is clearly insufficient. The one-hour short-term looks relatively strong, with the possibility of hitting the 63000 mark in the short term, but this position also has considerable pressure, and it is likely to encounter obstacles and fall back around here.

Zhou Yanling 6.11 Bitcoin:

1. 63500-62800 short, stop loss above 64300, target 61200-60400

2. 60400-61200 long, stop loss below 59600, target 62500-63300

Zhou Yanling 6.11 Ethereum:

1. 1680-1660 short, stop loss above 1720, target 1620-1600, continue to look down to around 1560

2. 1600-1620 long, reserve room for re-purchasing near 1560, stop loss 30 points, target 1660-1690

【The above market analysis is for casual reference only and does not constitute investment advice!】

The content of this article is exclusively shared by senior analyst Zhou Yanling（WeChat Official Account: Zhou Yanling 8）. The author has engaged in financial market investment research for over ten years, currently primarily analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other cryptocurrency contract/spot operations, with a solid theoretical foundation and practical experience. He excels in combining technical and news-driven operations, emphasizing capital management and risk control. His operating style is stable and decisive, recognized by many investment friends for his easygoing yet responsible character and sharp and decisive operations.

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