Bitcoin and Ethereum Market Analysis on 6.10: BTC, ETH Highlights Today
Market Review
BTC continued to rise yesterday, with significant gains in the early morning stage. A short-term correction is needed on the 4-hour chart to prepare for further increases. The daily level is about to complete adjustment, with the golden cross on the axis about to form, potentially launching a new round of growth. The weekly trend remains healthy. Pay attention to fundamental information and the Federal Reserve's interest rate cut process. Expect a mild intraday pullback before continuing to rise, with the weekly golden cross forming, potentially launching a new market trend
The secondary market followed BTC's synchronous rise, again touching the 2700 resistance level. Observe breakthrough situations, with the daily level about to complete repair and a new round of growth expected to start
Altcoins followed mainstream cryptocurrencies with a mild increase. Market sentiment remains low, with the altcoin index pulling back to a lower level, waiting for mainstream market movement. Focus on meme, ETH track coins. Binance has been frequently hosting activities, with continuous Alpha point events where you can accumulate points while waiting for the next activity. SOL's on-chain activity continues to rise, with MEME coins worth paying attention to
Today's Highlights:
BTC is in an overbought zone at 1-hour and 4-hour levels, returning to a healthy zone on the daily level. Expect a mild intraday pullback before continuing to rise. Intraday support is 108500-109000, with resistance at 110000-111000
ETH is in an overbought zone at 1-hour and 4-hour levels, returning to a healthy zone on the daily level. Expect a mild intraday pullback before continuing to rise. Intraday support is 2600-2650, with resistance at 2720-2770
