Thursday, June 12, Latest Bitcoin Market Analysis

Last night, Bitcoin attempted to break through the previous high but failed and subsequently fell back, with the price declining from around 110,300 to around 108,000. Although there were attempts at bullish rebounds during this period, the momentum was relatively weak. Ethereum also dipped to a low of 2,742, and currently, both are in a low-level consolidation phase.

From an overall market perspective, Bitcoin formed a short-term consolidation range after being blocked at a high level, with prices briefly breaking down and bears temporarily holding an advantage, leading to a continuation of the trend. On the daily level, the wide-ranging fluctuation pattern remains unchanged, but the Bollinger Bands (BOLL) show significant signs of contraction, indicating that after short-term volatility, the consolidation range is narrowing. On the four-hour chart, the oscillation adjustment trend is clearer, with both bulls and bears taking turns to dominate. Although the price dipped below the previous low in the early hours, signs of reaching support levels are evident. It is worth noting that the previous rise caused the Bollinger Bands channel to tilt upwards overall, with the lower band still maintaining an upward posture, showing solid support below and initial signs of a stop loss. In the morning, attention should be focused on the performance of rebound momentum in the short term.

Operation Suggestions:

Bitcoin 108,000-108,300 range, target 110,000

Ethereum 2,720-2,750 range, target 2,800. #比特币突破11万美元 #币安Alpha理财中心 #币安HODLer空投RESOLV #加密圆桌讨论 #币安Alpha上新 $BTC $ETH $XRP