Thursday morning, June 12th, Bitcoin and Ethereum latest market analysis and trading suggestions;
After experiencing a wave of rising prices, the market is once again facing a correction. In the early hours, the market showed a slight spike, with prices dipping to around 108,000, which is a level previously reached. It is reassuring that the lower parallel low has been successfully defended, indicating that the overall bearish trend does not have much continuation, and bullish forces are still waiting for an opportunity to act.
From a technical perspective, this correction can be seen as a normal adjustment to the previous rise. Prices stabilized after reaching a key support level, indicating strong buying support below, and bulls are likely to take this opportunity to reorganize their forces and initiate a new round of upward movement.
Based on this market situation, morning investors can directly accumulate positions near the key support level below. Specific operations are as follows:
• Bitcoin: Can buy near 108,000, with a target of 109,500. 108,000 serves as an important support level, and once the price stabilizes here, upward momentum is expected to gradually release. If it can successfully break through the short-term resistance level of 109,500, the subsequent upward space is likely to further open up.
• Ethereum: Can buy near 2,750, with a target of 2,830. 2,750 is also a key support area, with strong support for bulls at this level. Once the price rebounds, it is expected to move towards the target of 2,830.
