Analysis of Bitcoin and Ethereum Market on June 12: Today’s Highlights of BTC and ETH

Yesterday, Bitcoin broke through the 67,200 line and fell directly to the parallel support position of 66,000 points, which is also the high point box support position on the four-hour level. This position is the last short-term support position of Bitcoin. If this position falls below, the market may fall back to the support position near 60,000. Yesterday, the four-hour level just touched the 66,000 point line to protect the market and rebound by more than 1,000 US dollars, but it was not a strong direct anti-V, just to protect the market from breaking this price. After the support of 500-3560 was broken, there was no big rebound at the four-hour level. It was just a rebound following the trend of the big cake. The strength was still different from that of the big cake. After this support was broken, pay attention to the defensive position of 3200-3300. Yesterday, the decline of the cottage industry basically returned to the low point of the previous round of big cake decline. The cottage industry will enter a state of no further decline as before, and then wait for the big cake and the second cake to warm up before rebounding. The market basically began to be bearish. Whether it is the impact of data, the market, or the sentiment, it basically depends on the retracement. , the cottage system does not have a good narrative volume, and will enter a downturn again

Today's highlights

The current trend of BTC is to focus on the last defensive line of 66,000. The resistance position of 69,000 points has been established after the four-hour rebound yesterday. Let's see whether the intraday shock today will stabilize the defensive position of 66,000 points and rebound to 68,000 points and stand firm. Then the market may reverse, and it may enter a test below at this stage, so pay attention to risk control

ETH After the last round of rise, the market digested it and there was no second round of upward rush. The copycat followed Erbing. It did not rise when it rose, and followed it hard when it fell. Erbing is now on the weak side, and there is no strong performance on the basis of the rebound. In the intraday level, you can first look at yesterday's low point of 3420-3430. If it falls below, pay attention to the defensive position of 3200-3300. The upper dining hall range, 3660-3700 will form a subsequent rebound resistance position. Just pay attention to this position later. The market will enter a downturn if it falls below, so pay attention to risk control.