6.12 BTC strong surge, the bears are retreating, a reversal is imminent.

Today, the price of BTC has once again broken through the $110,000 mark in stages, mainly because it was reported that Bessenet achieved good results in negotiations with trade representatives from London and China. Although neither China nor the United States has released substantial content, from Bessenet's statements, it should be positive, but it may come as a surprise to Trump, which is why Bessenet hurried back to the U.S. to report before finishing the talks.

The spot ETF data is in line with expectations; ETF investors are also chasing highs and cutting losses. However, this time, BlackRock's investors have made more gains. On Monday, both BlackRock and Fidelity had net inflows exceeding four digits, and none of the 11 ETF institutions had a net outflow of BTC. Recently, ETH's data has been slightly better, although it is still limited, but there is no doubt that investor interest in ETH has been slightly higher than in BTC over the past month, and ETH's price has shown a strong upward trend in the past two days. Especially, BlackRock investors have continued to increase their investments today, and the short-term price has clearly entered a key resistance zone. If it does not break through around 2900, there will still be opportunities for shorting.

Trading suggestions:

Short BTC at 109500-110000, target around 105000-102000. Stop loss at 110666.

Short ETH at 2855-2880, target around 2600-2400. Stop loss at 2920.