6.12 BTC/ETH Market Viewpoint:

Although Bitcoin has been strongly rallying, the upward pressure is also very evident, with 110300 being under pressure for three consecutive days, and the previous high of 112000 is a significant resistance. After a bottom rebound at 100300, there have been four consecutive large bullish candles. The day before yesterday closed with a long lower shadow bullish doji, and yesterday closed with a large bearish candle. It cannot be denied that the bullish momentum is weakening, and the upward pressure is quite clear. This is not to sound bearish, but rather to continuously remind everyone that being bullish and going long is fine, but definitely do not be too reckless or blind. Do not chase high prices around 110000, as we are still under pressure! Last night there wasn't much of a pullback, but in the past 24 hours, the liquidation amount for long positions reached as high as 220 million USD, and in the past 12 hours, long positions were liquidated for 180 million USD, indicating that too many retail investors are blindly chasing prices...

Now, back to the market, the strategy for Bitcoin today is to look for long positions at lower levels. The upward pressure remains focused on 110300 and 1108000, while the downward support is focused on 107800, 107500, and 106500. Long positions can be established around these levels, aiming for targets at 108500, 109500, and 110500.

For Ethereum, the downward support is focused on 2750, 2720, and 2680, where long positions can be set up and awaited. The targets above are 2800, 2850, and 2900. The upward pressure for Ethereum is focused on 2880 and 2920. #看懂K线