6.1 Cryptocurrency Market Analysis

1️⃣ Bitcoin Market Overview: Over the weekend, the price moved within a narrow range with sideways fluctuations, remaining under sustained pressure around 73,500. Market volatility was limited, making it difficult to secure large profits.

2️⃣ Market Doubts: After a deep decline earlier, there has been no strong rebound for a long time. The bullish and bearish opinions are increasingly divided, liquidity in the market is weak, and candlesticks frequently show long and short shadows, indicating consolidation.

3️⃣ Trend Forecast: The early June market is unlikely to replicate the upward trend seen in May. Short-term upward potential is only 1,000-2,000 points, and after a rebound, the price is expected to fall again. Overall, this month’s market trend is bearish, with a high probability of breaking below the current support levels at 73,500-74,000, further testing previous lows, and entering a wide-range consolidation phase.

4️⃣ BTC Short-term Trading Strategy

• Support around 73,500 for long positions, with stop-loss set at 72,500 to avoid sharp declines

• First take profit above 74,000, with remaining positions targeting higher at 75,000

• Prepare to establish long-term short positions around 75,000, aiming to profit from subsequent breakdowns

• Currently, market volatility is limited, with daily fluctuations less than a thousand points

5️⃣ Ethereum Market & Trading: Currently testing support repeatedly around the 2,000 key level, with no clear direction yet. Consider short-term long positions within the 1,970-2,000 range, with a stop-loss set at 1,940.