Analysis of Bitcoin market on June 12th, early morning.

Today, Bitcoin has once again broken through the 110,000 mark in a phased manner, mainly because reports emerged 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, it seems to be promising based on Besant's statements, but it could catch Trump off guard, which is why Besant hurried back to the U.S. before finishing talks to report back.

In the short term, the market may continue to maintain a weak oscillation, with a key focus on whether the support level at 108,900 can hold; if it breaks, it may further test lower support areas; while the upper resistance remains at 110,350, which needs to be broken through to regain strength. The market direction continues to lean towards raising positions for shorting, so it's best to hold with patience and wait for a waterfall decline.

Bitcoin; short around 109,500-110,000 with a target of 108,000-106,500, stop loss at 110,500.

Ethereum; short around 2880 with a target of 2780, stop loss at 2910#加密圆桌讨论 .