Today, Bitcoin presents a volatile downward trend, peaking at 110344 in the early morning and dropping to a low of 108305. Currently, the price is consolidating around the 109300 level, having risen to 110252 in the early session before retreating, indicating a bearish dominance for the day. Ethereum initially rose before experiencing fluctuations, hitting a high of 2833 in the morning and then oscillating around the 2800 level. The bullish strategy for Ethereum provided over twenty points of profit.

From a technical perspective, Bitcoin's MA7 is turning downward, and the price has fallen below the short-term moving average, with MA25 forming resistance; the MACD indicator shows DIF (-58.2), DEA (-34.5), and MACD histogram (-47.4), all indicating a release of bearish momentum with a weak short-term trend. Attention should be paid to key moving average support and the MACD indicator's recovery; in the short term, watch for bearish breakout scenarios. Ethereum has broken the 2700 resistance level on the daily chart, showcasing a 'cup and handle' pattern, with moving averages in a bullish arrangement; on the 4-hour chart, moving averages are bullish, MACD shows a golden cross, but RSI indicates overbought conditions, suggesting a need for correction, with prices fluctuating between the middle and upper bands of the Bollinger Bands. On the indicator front, the MACD golden cross continues but watch for potential top divergence, and RSI remains high, indicating potential weakening of bullish momentum. In terms of capital flow, Ethereum has seen a net inflow of over $630 million for 11 consecutive days, with institutional holdings supporting prices, but profit-taking should also be monitored. Event-driven factors include the Pectra upgrade starting testnet on June 12, which may provide a breakthrough boost. Key support levels are 2780, 2700, and resistance levels are 2850, 2900. Overall, the bullish trend has not changed, but there are risks of correction, so closely monitor key points, capital flows, and event developments, and set stop-loss orders to manage risk.

Bitcoin recommendation: Short near 109600-109800 targeting 108800

Ethereum recommendation: Short near 2800-2820 targeting 2700