6.12 Market Analysis

Technical side:

Yesterday's weekly analysis reminded everyone that there was no correction. It was indeed a day of decline yesterday, and then there was a rebound in the early morning. The rebound was not very strong. At present, the overall daily level has not been corrected. It will maintain a range of 66,000 to 67,600 during the day. If it falls below 66,000, we have to pay attention to the support below at 63,500 to 60,000. Therefore, we have to pay attention to a change pattern of the market, that is, any decline will be repeatedly tested to see if the strong support is effective before rebounding

Ethereum daily line The level has not yet been adjusted. Yesterday, it touched the previous support of 3450 and rebounded. It fell below 3450 during the day. We should focus on the support of 3300. The small level will maintain a range of 3450 to 3520 to repair the relationship between the K-line and the indicator. For those who are optimistic about the future of Ethereum spot, you can pay attention to the break of 3450 and build positions in batches.

BTC is bought by ETF funds, but the cottage has no ETF funds. It will be a real bull market until the Fed cuts interest rates and the basic interest rate is below 2%!

If you think it is difficult to trade now, slow down the pace, magnify the cycle, magnify the investment strategy, extend the time dimension, take a long-term view, and strictly implement the short-term strategy!

News:

(1) CPI data will be released at 8:30 on Wednesday, with an expected value of 3.4%. A value lower than expected is positive, and vice versa.

(2) The Federal Reserve will release its interest rate decision and economic outlook summary (FOMC meeting) at 2 a.m. on Thursday

(3) Powell will deliver a speech at 2:30 a.m. on Thursday.

Thursday: PPI data

Thursday: Initial unemployment claims

Thursday: Tesla annual meeting

Friday: Consumer confidence index

Friday: 2024 European Cup kicks off

BlackRock officially updated the spot Bitcoin ETF data. As of June 10, IBIT's market value reached US$21,243,465,407.99, and its holdings reached 305,067.8293304,976.7378 BTC, an increase of about 91 bitcoins from the previous trading day.

Bitcoin's drop below the $67,000 mark is tied to this week's consumer price index report and the release of the Federal Reserve's monetary policy statement on Wednesday, as a sharp increase in jobs in May reduced expectations for the Fed's first rate cut in September #心诚