June 11, Thursday Midday Market Analysis

Ethereum has also reached the resistance zone. Although Ethereum’s overall direction is consistent with Bitcoin, its main players’ trading tactics are more aggressive. When Bitcoin is rising, Ethereum may remain stagnant, and when Bitcoin is stable, Ethereum may choose to surge and trigger short squeezes.
During declines, its rhythm is also different from Bitcoin’s. In the early stages, it may perform stronger than Bitcoin, but later on, it can plunge directly.
Therefore, if you misjudge Ethereum’s rhythm, it could cause significant losses. Only consider entering Ethereum in two scenarios: go long only when ETH/BTC is in a strong trend, and go short in the opposite situation.
Back to Ethereum itself: the current position is already in the resistance zone, and the overall trend lacks decisiveness. Do not chase highs; sell on resistance pullbacks, mainly favoring short positions. On the daily chart, Bitcoin is holding above the EMA15 and is pushing towards the EMA30, with a MACD bullish crossover on increased volume. The 4-hour chart shows seven consecutive bullish candles, indicating a need for a technical pullback. Ethereum has broken through the $3,200 resistance, and the daily MACD is rebounding with increased volume; however, there is a divergence between volume and price and overbought signals, suggesting a hidden risk of a pullback.

BTC Trading Suggestion: Short at 94,100–94,600, target 92,500–92,000, stop loss at 95,000
ETH Trading Suggestion: Short at 3,220–3,250, target 3,150–3,100, stop loss at 3,300#成长值抽奖赢iPhone17和周边