Bitcoin Ethereum Midday Market Analysis 6.12

The daily chart for Bitcoin shows that after forming a high near 110,000 recently, the price has continued to decline, and is currently in a downward oscillation trend. In the 4-hour cycle, a long upper shadow appeared on June 11, indicating heavy selling pressure from above. Subsequently, several bearish candles confirmed the short-term weakness. In the 4-hour cycle, the DIF and DEA continue to diverge downwards, with green bars expanding, and the momentum is dominated by the bears. The daily chart also shows a death cross, further validating the downward pressure. The 4-hour cycle RSI value is 46, having exited the oversold zone, but still remains weak. The daily RSI has gradually fallen from 70 to below 50, reflecting a weakening market sentiment. It is recommended to enter short positions at high levels today.

Operation suggestion: Enter short positions for Bitcoin around 108,000 to 108,500, with a target near 106,500; for Ethereum, enter short positions around 2,770 to 2,800, with a target near 2,690. This article is time-sensitive, market conditions are constantly changing, so friends entering the market should focus on real-time guidance #稳定币立法 #币安Alpha上新