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Bitcoin and Ethereum monthly and weekly charts have all closed.
Everything that’s closed doesn’t look that great.
The weekly chart has closed below MA23.
The MACD volume is gradually moving lower.
The other indicators also don’t look good.
The monthly chart has formed a candlestick similar to a hammer.
And it doesn’t look good either.
US stock futures are still rising.
Bitcoin and Ethereum still follow the downside, not the upside.
Support for Bitcoin is around 71,000.
Support for Ethereum is around 1,910.
Overall, both the monthly and weekly charts are currently biased bearish.
Resistance above is around 75,000.
On June 5, this month enters the Bing Wu month.
Fire is strong, suppressing gold.
It’s expected that June will mainly trade sideways to the downside.