$ETH Morning Thoughts on June 12

In today's early trading, Bitcoin plummeted over a thousand points, breaking the support level of $109,000, hitting a low of $108,000. The bearish sentiment is strong, and the overall market trend is weak, with a risk of further declines. From a technical perspective, the Bollinger Bands on the hourly chart are narrowing, with the price approaching the middle band support; the daily chart shows a long upper shadow indicating heavy selling pressure