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6.13 Ruoxi Morning Market Analysis
The daily chart shows that after a surge in Bitcoin price on June 9, there was a pullback for two consecutive days, and yesterday saw a further decline forming a large bearish candle, currently in a weak oscillating state.
On the 4-hour level, the price has gradually fallen from the high point of 110392 and currently shows a short-term downward trend, accompanied by multiple candlesticks with long upper shadows, indicating heavy selling pressure above.
In the 4-hour timeframe, both DIF and DEA are diverging downwards, and the MACD histogram is negative and continuing to expand, indicating that bearish strength is dominant. The daily MACD has also formed a death cross, with bearish signals evident. Continue to maintain the rhythm of the rebound.
Personal suggestion for reference only
The pancake is around 1070-1066, targeting down to around 1040.
Ethereum is hovering around 2700-2680, with a target looking down towards 2500.