Friday Morning Trading Strategy Analysis on June 13

In the early hours, Bitcoin experienced intense fluctuations, with a slight rebound followed by a significant pullback. Panic selling triggered by the market leader led to a one-sided decline to a low of 103,500, while Ethereum mirrored the trend and dipped to the 2,534 level.

The Bitcoin candlestick chart shows heavy selling pressure above, with strong resistance at the key level; upward movement is weak, and it is expected that the market will first consolidate at the bottom before making an upward push during the day. Short-term trading with Ethereum is suitable for today.

Trading Suggestions

Bitcoin: Range trading between 103,000-103,500, targeting around 105,000-107,000

Ethereum: Range trading between 2,500-2,530, targeting around 2,650