At noon on June 12, the price trend of Bitcoin attracted widespread attention from the market. Bitcoin has recently fallen below several key support levels, including the important 68,500 and 67,500 thresholds. The largest drop was below 67,000, and finally tested the support point of 66,000. This trend indicates a major shift in the price trend of Bitcoin. In the current situation, Bitcoin faces multiple resistance levels, and the price encounters resistance near 67,600, followed by resistance at 68,000 and 68,500. A clear bearish trend line provides resistance near 68,650, indicating limited upside potential.
Key support and resistance levels:
Support: 66000
Resistance: 67600, 68000, 68500, 68650
If Bitcoin falls below the critical support of 66,000, the price could spiral down to the support of 64,500. Technical indicators present a mixed picture. The hourly MACD loses momentum in the bearish zone, suggesting a possible turnaround. Meanwhile, the chart indicator RSI is below the 50 level, reflecting continued bearish pressure.
Key observations:
Major Support Levels: 66700, 66000
Major resistance levels: 68000, 68500
Today's CPI data release will be the focus of market attention. It is predicted that the probability of CPI data being neutral to hawkish is relatively high, and the interest rate decision is likely to remain unchanged. Powell's speech has a high neutral to hawkish tone. Market expectations may rise first and then fall. Investors need to pay close attention to the market reaction after the data is released.
Ethereum price trend analysis
After falling to the lowest point of 3420 in the early morning of this morning, Ethereum rebounded and broke through the pressure level of 3500, and is currently in an upward adjustment state. The daily level ended with a real negative line, and the overall trend is bearish. However, the four-hour level K-line trend pattern shows signs of rebound, and the upper pressure focuses on the golden section line of 3560.
Key observations:
Support: 3420
Pressure level: 3500, 3560
Ethereum's trend shows the possibility of a rebound in the short term, and investors can pay attention to the rebound during the day.
Summary: Bitcoin and Ethereum are currently at a critical technical position. Investors need to pay attention to the market's reaction and the release of important data. Bitcoin's key support level of 66,000 and Ethereum's rebound will be the focus of the market. Please pay attention to market fluctuations and adjust investment strategies according to actual conditions.
1. Introduction to IOCoin
What is IO Coin?
IOCoin is an innovative cryptocurrency that aims to provide secure, efficient and decentralized transaction services through blockchain technology. It is developed and maintained by the IO Digital Foundation, which is committed to creating a scalable and user-friendly blockchain ecosystem.
Core Features
Decentralization: IOcoin's blockchain network is completely decentralized, with no central control point, ensuring the security and transparency of transactions.
Fast transactions: IOcoin adopts a unique PoW/PoS hybrid consensus mechanism, which can achieve fast and low-cost transaction confirmation.
Privacy protection: Through advanced encryption technology, IO Coin protects users' transaction privacy and ensures data security.
Multifunctional wallet: IO Coin provides a powerful wallet that supports the storage and management of multiple cryptocurrencies, with a user-friendly interface and easy operation.
Application Scenario
Payment system: IO coins can be used for payments and transfers worldwide, with the advantages of speed and low cost.
Smart Contracts: IOCoin supports smart contract functionality, allowing developers to build decentralized applications (DApps) on its blockchain.
Data Storage: Using its blockchain technology, IOCoin can provide a secure data storage solution to ensure the integrity and immutability of data.
Market performance
Since its launch, IO coin has performed steadily in the market and attracted the attention of many investors and developers. Its innovative technology and versatile application scenarios have made it a place in the cryptocurrency market.
2. Introduction to UltiCoin
What is ULTI Coin?
ULTICoin is a cryptocurrency focused on gaming and entertainment, designed to provide an efficient, secure and economical trading platform for players and developers. ULTICoin aims to change the gaming industry through blockchain technology, providing more possibilities and better user experience.
Core Features
Focus on games: ULTI coins are specially designed for the gaming industry, providing dedicated functions and services to enhance the interactive experience of players and developers.
Low transaction costs: The transaction costs on the ULTI coin network are extremely low, suitable for frequent small transactions, especially suitable for in-game purchases and reward systems.
Efficient Transactions: By adopting the latest blockchain technology, ULTI coins can achieve fast transaction confirmation, ensuring that players can conduct transactions instantly.
Security: ULTI coin uses advanced encryption technology to ensure the security of user assets and transactions and prevent fraud and hacker attacks.
Application Scenario
In-game purchases: Players can use ULTI coins to purchase virtual items, upgrades and other services in the game, enjoying a convenient payment experience.
Reward system: Game developers can use ULTI coins as rewards to encourage players to participate in games and community activities and increase user stickiness.
Decentralized Marketplace: ULTI coins support a decentralized gaming marketplace where players and developers can freely trade virtual items and game assets on the platform.
Market performance
ULTI coin has quickly emerged in the gaming and entertainment fields, and has received widespread attention and recognition. Its unique market positioning and strong technical support make it stand out in the highly competitive cryptocurrency market.
Summarize:
IO Coin and ULTI Coin have demonstrated unique advantages and potential in different fields of blockchain technology. IO Coin is committed to building a decentralized and multifunctional blockchain ecosystem, while ULTI Coin focuses on the gaming and entertainment fields, improving user experience and transaction efficiency through blockchain technology.
