Friday, June 12th, Morning Thoughts


Yesterday, it surged to 169, faced resistance and pulled back, the upper band pressure couldn't hold the high level, then it oscillated and declined, overall showing a weak rebound pattern after the surge, the support at low levels is moderate, the chasing high at high levels lacks funds, panic selling has not been clearly released, but buying interest is not sustained, the overall market remains weak, only temporarily stabilizing at the middle band.

The daily chart still remains below the middle band, yesterday's surge failed to break through the key resistance level, short-term momentum is insufficient, and the reversal structure is not stable; the 4-hour Bollinger Bands are flat, price oscillates around the middle band, moving averages are turning upward but lack volume support, indicators are not fully deteriorated but upward momentum has weakened, resistance above is clear, support below is only the middle band, short-term tug-of-war is intense, overall still oscillating and weak.

In summary, watch for the 163-164 range for Duo, stop at 162, target 168-169,
168-169 $ETH watch for Kong.
ETH-0.67%
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