Zhou Yanling: June 11 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
With some significant data being released, the market's focus has once again shifted to the China-U.S. trade negotiations. Currently, there are not many specific updates, but the situation between Russia and Ukraine is becoming increasingly tense. The latest news indicates that Russia has launched the largest airstrike against Ukraine in history, which has temporarily led to a resurgence of risk-averse sentiment in the market. Given the current situation, both the news fundamentals and technical aspects are favorable for bullish development. As previously advised, continue to hold the long positions; after a slight pullback, the market is expected to continue moving upward. Patience is key for holding long positions.
From the perspective of technical indicators, the daily chart shows that on June 10, a long upper shadow bearish candle was formed, indicating heavy selling pressure above. The recent hourly highs are gradually declining, and the lows are also decreasing, presenting a short-term weak oscillation trend. The hourly technical indicators, DIF and DEA, continue to diverge downward, enhancing bearish momentum; after the death cross of the fast and slow lines on the daily chart, they continue to move downward, indicating a short-term bearish trend. The hourly RSI is at 51.54, in the neutral zone but showing signs of a pullback; the daily RSI has retreated from the overbought zone to the neutral area, reflecting a weakening of bullish strength. The hourly price has fallen below EMA7 (109116) and is being suppressed by it; support may be found near EMA30 (108719). The daily EMA7 (109472) is far from the current price, indicating significant short-term pressure. The price is temporarily facing a need for a pullback; wait for the pullback to complete before continuing to buy at lower levels. The overall bullish mindset remains unchanged.
Zhou Yanling's June 11 Bitcoin Trading Strategy:
Buy at 108000-108600, reserve space for additional purchases near 107000, stop loss below 106500, target 109200-110000, continue to look for 111200.
Sell at 111300-110300, stop loss above 112500, target 109200-108500.
Zhou Yanling's June 11 Ethereum Trading Strategy:
Buy at 2660-2700, reserve space for additional purchases near 2590, stop loss below 2560, target 2820-2860.
Sell at 2890-2860, stop loss above 2940, target 2730-2690.
[The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.]
This article 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 contract/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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