Analysis on the evening of June 12

In the four-hour candlestick chart, Bitcoin shows a trend of four consecutive downward candles, continuously running below the middle Bollinger band, indicating a certain short-term advantage for the bears. At the same time, the KDJ indicator forms a death cross, and the J value has entered the oversold area, suggesting a short-term need for a pullback and correction in the market. However, if the key support level of 107000 can be effectively maintained, the bulls may still hope to regain strength and take back market control. In the one-hour time frame, Bitcoin shows signs of a halt after experiencing five consecutive downward candles, with the KDJ indicator forming a golden cross, releasing signals that the bulls may launch a counterattack in the short term.

Suggestion

Bitcoin: Move around 107200 - 106600. If it pulls back to this area, it can be seen as a good entry point for the bulls.

Look towards the area around 108100 - 108900.

Altcoin: Move around 2730 - 2700, consider buying on dips.

Look towards the area around 2770 - 2800.