6.12 Crypto Circle Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Bitcoin experienced a strong pullback this morning, with prices dropping by over a thousand points, breaking through the short-term support at 109000, and hitting a low near 108000, indicating the strength of this pullback. Overall, the trend still appears weak, so we should be cautious of further downward testing if the price breaks.

Looking at the short-term hourly chart, the Bollinger Bands are in a contracting posture. This morning's pullback brought the coin price close to the middle support level of the Bollinger Bands, with a long upper shadow appearing on the daily chart. After being blocked at 110392, it quickly fell back to 108235, with heavy selling pressure above in the short term. The 4-hour chart formed a series of bearish candles, and the EMA7 created a death cross with the price, indicating a weakening bullish sentiment in the short term. After the 1-hour line fell below the key round number 108500, it accelerated downward, testing the support at the 108000 round number. MACD: The daily line DIF (1389) crossed below DEA (1347), and the 4-hour MACD histogram has expanded with 5 consecutive green bars. EMA: The price fell below the 4-hour EMA7 (109026), and the 30-day moving average (107809) became a key support level. The short-term trend is under pressure and in a pullback, with upward momentum gradually weakening. A continuation of the pullback is expected, with a focus on the strength of the EMA30 support level. If the pullback continues and breaks below, further price declines are anticipated. A breakdown can be followed with short positions, but be cautious to secure profits. Conversely, if this rebound stabilizes above 108000, further increases are expected; we hope all coin friends are well-prepared.

6.12 Bitcoin Short-Term Reference:

Lower test entry point 109800-109500, defend at 111800, stop loss: 500 target below 108500,

Upper test entry point 105500-106500 long, stop loss 500, defend at 104500, target above 107500,

6.12 Ethereum Short-Term Reference:

Lower test entry point 2825-2855, defend at 2950, stop loss: 50, target below 2780,

Upper test entry point 2605-2675, stop loss 30 points, target above 2730,

The article may be delayed in sending, and the strategy suggestions are for reference only. The market changes rapidly, regardless of how confident you are in your market judgment, always have a stop-loss and take-profit strategy in place. Safety first: #比特币突破11万美元 #BTC #BTC走势分析 #ETH #ETH🔥🔥🔥🔥🔥🔥