6.12 Morning Thoughts:

The price of Bitcoin has encountered resistance at previous highs and is currently in a short-term consolidation pattern, with the volatility gradually narrowing. After a brief downward breakout, bearish forces emerged, pushing the market lower. The daily chart still maintains a large range of fluctuations, but the significant narrowing of the Bollinger Bands indicates that the future volatility range will be further restricted. The four-hour chart shows a clear oscillating trend, with fierce competition between bulls and bears. Although the price hit a recent low during the early morning session, it has reached an important support area below. Due to the previous rise lifting the lower Bollinger Band, the support at this level is strong, and initial signs of stabilization have appeared in the market. In terms of trading strategy, it is recommended to maintain a long position on dips, continuing to be bullish on the market.

Trading Suggestions: Long near 107500-108000, target around 110000.

For Ethereum: Long near 2740-2760, target around 2800-2830. #区块链 #BTC #比特币 #ETH #以太