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2025.6.10 8:08 AM BTC/ETH market analysis
One horse leaves the dust behind, sensing a rebound on Monday evening, but unexpectedly, BTC directly rebounded 5000+ and ETH directly rebounded 200+
On this night, the market wiped out 2.7 billion CNY, with 93,463 people going bankrupt to zero, mainly thanks to some stubborn short sellers!
After a continuous 15-hour rise, the market has now reached a relatively high position. Those who missed out are experiencing FOMO, but missing this wave is a given fact. No use getting too excited; just stay calm!
BTC attention
Support 104757/103055/100305
Pressure temporarily set at 112000
At this moment, Bitcoin is like a wild horse that has broken free, galloping 5000 miles overnight. However, giving the option for new highs to Asian players is a difficult task to accomplish. The key price points right now are 107507/106132. After breaking through, resistance levels turn into support levels, especially at 107507. We need to see if there will be a pullback during the day and how strong that pullback will be to better judge the continuation at high levels!
ETH attention
Support 2585-2590/2542/2466
The pressure is tentatively set at the previous high of 2788.
The second pancake rider leaves everyone behind, with a potential surge of over 10% in one night. It breaks through the two ranges of 2585-2590/2627-2665 without looking back, completely baffling the market bears. This once again proves that being on top cannot change the market trend. If you're wrong, you have to take the loss. Being able to correct your mistakes is what makes a real man. Grinding through the days stubbornly will only lead to more suffering!
In terms of operations: Under such strong bullish momentum, it is possible to follow the trend with light positions during intraday pullbacks at high levels. At this moment, there is no desire to take heavy positions! The Asian main force is currently waiting for the European and American main forces to join in the harvesting, which is a good choice. Currently, the trend cannot be empty at all; it has been completely dominated by the bulls!
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