Analyst Chen Shu: 6.16 short-term Rebound follow the breakthrough of the 10.62-10.66 resistance level range, midday Bitcoin, Ethereum market analysis strategy.

Bitcoin, from the daily chart perspective, has recently seen its price mainly oscillate and adjust around the 10.45-10.6 range. The short-term resistance level to watch on the daily chart is the MA30 moving average at 10.66. Pay attention to whether it can break through and hold above 10.66 during the day; if it can hold, it will continue to return to a bullish trend. Conversely, if it does not hold, it may look to retrace to the 4-hour MA256 moving average at the 10.48 line. First, focus on whether it can break through and hold above 10.6 in the short term.

Ethereum on the daily chart, yesterday's daily candle closed with a small red line, the short-term is approaching the daily MA30 moving average resistance level at 2580. If it breaks through 2580, the short-term will continue to test the MA256 moving average at 2670. The short-term support to follow is the 4-hour MA256 moving average at 2490 and the 1-hour MA30/MA60 moving averages at 2540. First, focus on the breakout situation of the intraday rebound.

Midday operation strategy (writing time: 13:00):

BTC: 10.55/10.48 long, target at 10.65/10.7; short at 10.7 above, add short at 10.8 on rebound, target 10.6/10.55

ETH: 2600/2660 short, target 2570/2550; below 2530/2480 long, target 2570/2660

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