Thoughts on Bitcoin and Ethereum on Saturday, June 8:

Last night, affected by the non-agricultural data and the US stock market, the price of Bitcoin reached a low of 68,300 points.

From the K-line of Bitcoin at 1:00, the price ran from the upper track of the Bollinger Band to below the lower track of the Bollinger Band and then rebounded to around 68,400. It is now oscillating above the lower track of the Bollinger Band. The bullish momentum is gradually weakening, and it is wise to be bearish during the day.

Bitcoin operation strategy:

Entry point: bearish in the 69,600-69,800 area,

Target price: target at 68,500 points.

Risk control: The defense position is set at 70,200 points. If the price falls below this point, you should consider reducing your position or leaving the market.

Ethereum operation strategy:

Entry point: bearish in the 3790 to 3800 area,

Target price: target at 3730 points.

Risk control: The defense position is set at 3820 points. If the price falls below this point, you should consider reducing your position or leaving the market.