June 1 Market Analysis


● Support levels: 72,508.00 (recent low); 73,402.10 (24-hour low); 73,592.30 (near current price, short-term psychological support)
● Resistance levels: 74,000.00 (integer threshold + recent rebound high); 74,248.20 (24-hour high); 76,000.00 (previous dense trading zone + moving average resistance zone)

If the price rebounds to the 74,000–74,250 range and faces resistance, it can be seen as a short-term shorting opportunity; if the price breaks below 72,508.00 with increased volume, the trend can be confirmed as weakening, and a short position can be taken accordingly; RSI(6) is already approaching the oversold area (41.01), and if it rebounds and then falls back below 40, it can be confirmed as a bearish signal in conjunction with candlestick patterns. $BTC
BTC-1.03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned