6.12 BTC Strong Surge, Bears Gradually Retreat, Reversal is Coming.

Today, the price of BTC has once again broken through the $110,000 mark in stages, mainly because it has been reported that Besant achieved good results in negotiations with trade representatives from London and China. Although neither China nor the United States has disclosed substantial content, judging from Besant's remarks, it should be positive, but it might come as a surprise to Trump. Hence, Besant hurried back to the U.S. to report before finishing the talks.

The spot ETF data is as expected; ETF investors are also chasing highs and cutting losses. However, this time, BlackRock's investors have made more profits. On Monday, both BlackRock and Fidelity saw net inflows exceeding four figures, and none of the 11 ETF institutions had any net outflows of BTC. Recently, the data for ETH has indeed been slightly better, though it's still limited. Nonetheless, there is no doubt that investor interest in ETH has been slightly higher than in BTC over the past month, and ETH's price has shown a strong upward trend in the past two days. Especially today, BlackRock's investors continued to increase their investment, and the short-term price has clearly entered a critical resistance zone. If it does not break through around $2900 above, there will still be opportunities for shorting.

Trading Advice:

Short BTC at 109500-110000, with a target of around 105000-102000. Stop loss at 110666.

Short ETH at 2855-2880, with a target of around 2600-2400. Stop loss at 2920.