Gu Jingci: Bitcoin/Ethereum Market Analysis (June 12th)

Since bottoming out at 59,000 and 1,500 respectively, the Bitcoin/Ethereum pair has seen limited rebound, remaining within a narrow range for the past two days. This reflects weak market sentiment, given the significant previous decline and the absence of a substantial rebound. On the daily chart, the recent three-day losing streak has ended; the focus now is on whether it can stabilize, although the short-term trend remains weak. The candlestick pattern since June shows a large volume bearish candle, indicating an extremely bearish long-term trend and a deep correction. Recent daily candlesticks often have upper shadows, suggesting heavy selling pressure and weak bullish momentum. The 4-hour chart shows a small-bodied bearish candle with long upper and lower shadows, closing below the opening price and the previous candle's close, indicating intense competition between bulls and bears, with bears currently in control. Technically, both the DIF and DEA lines are below the zero axis. Although the DIF line is above the DEA line, the MACD histogram has shortened compared to the previous period, indicating weakening short-term upward momentum and a risk of pullback. A flexible approach is needed regarding the trend. Key resistance levels to watch are the short-term high of 64500 and the 1720 level. We're here every day, not to prove our win rate, but simply to let you know that our team is always present, monitoring the market 24/7, professional and reliable. Analysis and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time updates.