6.12 Morning Thought Analysis

The bearish sentiment from last night has arrived as expected, with Bitcoin hitting resistance around 110300 and retreating to around 108000 in the early morning. During this time, the bullish rebound was weak. Ethereum also fell from a high of 2879 to 2742. Currently, both are oscillating at low levels.

Bitcoin has broken through a key support level. Although the KDJ has formed a golden cross indicating a potential rebound, the 1-hour candlestick shows a downward oscillation, dominated by bears. Today's suggestion is to short at highs while paying attention to the rebound strength and resistance levels, and manage risks.

Trading Suggestions

Bitcoin: Short around 109000, with a target looking down towards the 107500 area. #看懂K线 #加密圆桌讨论 #CPI数据来袭 #山寨币ETF展望 #BTC走势分析 $BTC