6.12 Afternoon Market Analysis:
After the revised CPI data yesterday, the market smoothly declined to the expected level, with significant profits from operations. Currently, Bitcoin is experiencing a downward trend, and although there is a possibility of a short-term rebound, the upward momentum is insufficient. The RSI and MACD indicators show potential for a rebound; however, the KDJ indicator is in an overbought state, which may trigger a short-term pullback. It is highly likely that the market will maintain a range-bound consolidation pattern in the short term. Pay close attention to the price breaking below 107,000, with support levels to watch at 106,500. The candlestick pattern shows a doji, and the direction is currently unclear. Previously, black three soldiers and bullish engulfing patterns alternated, and the trading volume is insufficient to support the continuation of the trend.
Trading Recommendations:
For Bitcoin, trade in the range of 107,900-108,400, with a target downward to 106,600. If this level is broken, it may continue down to around 105,100.
For Ethereum, trade in the range of 2,770-2,800, with a target downward to around 2,660-2,710.
(Note: Personal suggestions are for reference only; manage your defenses according to your personal position.) $BTC $ETH #美国加征关税 #X平台封号 #币安Alpha理财中心 #加密圆桌讨论 #CPI数据来袭