$BTC 6.12 Thursday Bitcoin and Ethereum Evening Market Analysis:

The intraday market continues to pull back. After consecutive weekly gains, a large-bodied doji has formed, with the direction still unclear. On the daily chart, previous pullbacks during the bull market were mostly small bearish candles, while this time a pattern of consecutive bearish candles has formed, and the depth of the second dip after the rebound is more pronounced, confirming that we have entered an adjustment phase. Although there is support for a rebound in the short term, the strength is weak, breaking the previous strong slow-uptrend pattern.

The 4-hour chart shows a clear short-term downtrend: the candlestick bodies are relatively long, and the lower shadows are missing, indicating that the bears are dominant with significant selling pressure. The Bollinger Bands are expanding downward, indicating increased volatility, and the downward momentum has not weakened, with short-term bears still strong. The KDJ indicator has entered the oversold zone, but the D value has not simultaneously hit the bottom (around 30), suggesting there may be a short-term rebound repair demand, but a trend reversal needs to wait for the KDJ golden cross confirmation. It is recommended to adjust the mindset to focus on shorting during the rebound in the evening.