6.12 Thursday Midday Market Analysis:

Currently, the market has once again entered a period of consolidation after a decline, which is also a typical continuation pattern during a downtrend. After repairing and consolidating, the market is expected to continue its downward trend. The primary focus for Bitcoin is the support at the lower four-hour boundary of 106500, which also corresponds to the daily MA10 and 30 moving averages. The market will test this support level again. Ethereum is generally strong, and after a decline, we should pay attention to the upper resistance at the 2800 level, while the lower support is at the 2680 level.

Operation Suggestion: For Bitcoin, short at 107800-108300, with a target around 106300; $BTC

For Ethereum: short at 2770-2790, with a target around 2700. $ETH