June 12 Evening Market Analysis:
Good evening, brothers! Today, Bitcoin and Ethereum showed a slight downtrend during the day. After last night's price surge, the 4-hour K-line has consecutively closed with 5 bearish candles. Just now, the price broke the first support level and began to rebound. In the financial market, there is no trend that only goes up without going down, nor is there a K-line that continuously declines. If you chased after the price increase last night or just now chased the short, you are likely trapped in a loss situation. As I have always emphasized, in trading strategies, you should either short at the top of an uptrend or wait to go long when the price pulls back to near the support level.
Tonight, the market finally welcomed a small rebound, and those who went long may see hope again. However, don't rejoice too early. For Bitcoin, if the rebound cannot break through the key point of 1088, then the subsequent upward space will still be limited; for Ethereum, we need to pay close attention to the price level of 2785.
Bitcoin Resistance Levels
108800, 109800, 110600
Bitcoin Support Levels
106600, 105200, 103800
Ethereum Resistance Levels
2785, 2830, 2860
Ethereum Support Levels
2715, 2688, 2655
Solana Resistance Levels
161, 163.5, 165.6
Solana Support Levels
156, 153, 150
