Jingyi's Market Analysis for Next Week (June 1st - June 5th)



This week, BTC and ETH continued their low-range weak oscillation pattern, remaining in a technical correction phase after a decline, with limited rebound strength and no clear reversal signals yet.

✔️Bitcoin started the week with a slight rebound around 730, testing the 745 resistance level before facing resistance and pulling back. The key support at 724 was tested repeatedly, and the price stayed within the 720-745 range throughout the week, with a slight downward shift in the overall focus, and weekly volatility less than 4%.

From a technical perspective: The 4-hour chart still shows resistance at the middle Bollinger Band, MACD has a low-level golden cross but lacks momentum, trading volume remains subdued, and the weak channel has not been broken, so short-term remains mainly oscillating and consolidating.

Resistance levels are 745-750, support levels are 720-711. If it breaks below 720, the downtrend is likely to continue. Jingyi still sees long-term prices in the 6X range.

✔️Ethereum follows Bitcoin's oscillation, starting the week with a slight rebound around 2000, testing the 2050 level, then facing resistance and falling back to around 1980. The entire week stayed within a narrow 1970-2050 range, performing weaker than BTC.

From a technical perspective: The Bollinger Bands are widening downward, and the price remains below the middle band. Although MACD shows signs of a golden cross, momentum is insufficient. Rebounds are mostly technical corrections lacking sustained buying support.

Resistance levels are 2030-2050, support levels are 1970-1960. If it breaks below 1960, a new downward cycle is likely to begin. Long-term target is 1800.

Overall, market sentiment is cautious, lacking clear directional guidance. Trading mainly involves short-term rebounds and shorting on resistance, with high risk in chasing longs. Focus on the effectiveness of key support levels. A new month, a new start. Wishing fans smooth trading and abundant wealth. #成长值抽奖赢金条
BTC0.76%
ETH0.58%
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