$BTC 6.16 Early Morning Analysis

From a technical analysis perspective, Bitcoin and Ethereum indeed show a significant tendency for pullback. On the daily chart, Bitcoin formed a cross star bearish candle with a long upper shadow, with significant resistance at 110,000. Additionally, the previous five consecutive bullish days have been engulfed by a large bearish candle, indicating that the bears are in control. The Bollinger Bands are flattening and touching the middle band, reflecting weak bullish momentum