6.12 Thursday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

In the early morning, the market exhibited a typical pattern of consolidation followed by a downward trend. After completing three rounds of consolidation, Bitcoin chose to break downward in the early hours, initiating a stepwise oscillation downward, ultimately reaching a low of 108001 during the morning session. Ethereum's movement remained highly correlated with Bitcoin, but with more pronounced volatility. Under the pressure of the 2880 level, it began a downward phase, reaching a low of 2742. The bearish outlook from Xiao Ge has been validated by the market, while also aligning with trend setups. For Bitcoin: Entry Point: 109800 Take Profit Point: 108200 Profit Space: 1600 points For Ethereum: Entry Point: 2861 Take Profit Point: 2760 Profit Space: 101 points From the analysis of the 4-hour K-line chart, the current price trend shows a clear downward oscillation trend. The Bollinger Bands indicator shows that the price is testing the middle track support level. Although the K-line's body has not effectively broken below the middle track, the lower shadow line has briefly penetrated this critical position, indicating that bearish strength is gradually increasing. From a technical perspective, the Bollinger Bands are showing a contracting pattern. A careful observation of volume changes reveals that during the price test of the middle track, there has been a moderate increase in volume, indicating that there is still some downward space for the price, and a rebound is expected in the morning for a high short position.

Bitcoin: Can short near 108900-109400 Short-term target 106800

Ethereum: Can short near 2800-2830 Short-term target 2700