Highlights for June 12

Today's market greed and fear index is 61, with the greed index down 4 points from yesterday. Market sentiment remains bullish, with the majority of positions still holding an advantage. The total amount of leveraged positions in the market over the past 24 hours is 328 million USD.

After the PCI data was released last night, in terms of data, it was a slight positive. The market surged sharply but saw a pullback of nearly 3000 points this morning. To put it simply, such news without a significant trend or major good news is just a way to push prices up for selling. If it were really about halving, upgrades, or interest rate cuts, that would lead to a clear trend, but is the data completely useless? Is the market just going to drop without looking back?

Do not go all in with heavy positions; playing in the crypto circle is about making money and recovering losses, not about just going all in recklessly. Look at the current market, sometimes it's flourishing, and sometimes it's desolate. A slow and steady approach, waiting for the major coin to drop below 90,000 and then buying in batches on altcoins is a better strategy. Therefore, I personally suggest that regardless of how the market fluctuates, follow the old trend and make small trend trades.

Position Analysis

Today's key focus on BTC:

Upper resistance at around 108,600 to 109,500 as the first and second resistance levels.

Lower support at 107,200, down to around 106,400 as the first and second support levels.

(Currently, the direction for BTC can be treated as a small trend with a low buy trend, with strict take profit and stop loss parameters, first and second resistance levels placed for orders, and stop loss set about 400 points below the second resistance.)

Today's key focus on ETH:

Resistance at around 2780 and 2805 as the first and second resistance levels.

Lower support at 2730, down to around 2700 as the first and second support levels.

(Similar to BTC, the main focus is on low buy trends, with first and second resistance levels for orders, and stop loss set about 20 points below the second resistance.)

Summary: From my personal perspective, we are currently in a state of tug-of-war between bulls and bears. The news from yesterday did indeed have a market impact, but the overall trend still remains chaotic. I still advise my fellow traders in the market to engage in short-term trades. Now is not the time for heavy positions and reckless moves. A significant drop may occur in the next two months, likely below 90,000, but in this unclear market, going all in is the worst strategy. Don't let your capital be wiped out before it's time to really go all in.