Morning Analysis on 6.12
Trend Judgment: The trend continues, with a strong bullish candle breaking to around 110400 on Wednesday evening. The bottom support is solid, and the pullback is a technical adjustment. After the compression, the counter momentum is stronger, indicating no reversal signal. The daily bullish candle engulfs the upper shadow and breaks through the resistance level, while the moving averages are diverging upwards, with clear support around 107500.
Suggestions:
For Bitcoin, trade around 107500-108000, target: around 110500-11200.
For Ethereum: trade around 2730-2740, target around 2804-2830.
