Pionex Analysis: Latest Bitcoin Market Update on June 11

Article Published on June 11, 2025 — 00:10

The current price of Bitcoin is 109,000. Pionex's strategy has once again been validated. Without further ado, the market shows a clear upward trend, but there has been a recent pullback. Currently, it is operating near the short-term moving average, with increased downward momentum. In the short term, the market may continue to consolidate briefly or extend its decline, testing the key support area. If this support area is lost, it may seek further important support below. Therefore, Pionex suggests observing the market for now, waiting for the price to adjust to the key support level and stabilize before considering entry. If the 110,000.00 area is effectively broken, along with increased trading volume, a light position can be considered for a long position, but it is essential to set a stop-loss. Caution is advised regarding recent bullish signals that may be false breakouts. Close attention should be paid to trading volume and price performance near the MA30 to discern the potential market direction.

Today's Pionex Price Predictions

• Long Entry Point: 107,500, add long at 107,000, stop at 500 points, target 109,500
• Short Entry Point: 109,500, add short at 110,000, stop at 500 points, target 108,000

Ethereum Analysis

The current price of Ethereum is 2,730. Pionex has observed that Ethereum's price is fluctuating within an upward channel in the short term, with an overall trend of oscillating upward. However, it is currently touching the upper resistance area and may face adjustment pressure. In the short term, there may be some pullback pressure or consolidation. However, the MACD's red momentum bars and the moving average system indicate that the bullish trend has not yet ended. If the short-term adjustment is limited and support remains strong, the market may attempt to break through the upper pressure again. Therefore, Pionex suggests that holders pay attention to the short-term support level MA7 and the long-term support level at the lower boundary of the upward channel. If the price does not break below the important support, positions can be held for a potential breakout.

Today's Latest Price References

• Long Entry Point: 2,650, add at 2,600, stop at 30 points, target 2,750
• Short Entry Point: 2,780, add at 2,820, stop at 30 points, target 2,650

The above analysis by Pionex is based on market data and trend analysis and does not constitute investment advice. It is for reference only. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights, hoping to assist others with dreams in finding their place in this unpredictable market and embarking on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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