June 1 Evening Thoughts

The intraday price generally remained within a range, and the key support zone provided in the morning was effectively supported after multiple retests. Throughout the day, there were repeated opportunities to grasp the rhythm, and the overall performance was quite ideal. The price encountered resistance near the key resistance level and pulled back, then quickly recovered after retesting, clearly feeling the buying strength below, and the overall movement rhythm fully aligned with our morning plan of range trading.

The overall news sentiment is relatively stable, with no unexpected sudden data releases, and market sentiment remains cautious overall.
From the market perspective, there is still some resistance above, making short-term rapid upward movement unlikely, but the key support below is also quite solid, and the support after retesting is still present. Overall, the price remains in a slightly bullish oscillation structure; the retest appears more like gathering strength rather than weakening. As long as the key support is not broken, the upward oscillation trend will not be disrupted.

In terms of trading, avoid rushing to chase highs; patiently wait for a retest of the key zone before considering phased entries:

Reference zone: Consider buying on dips around 4470-4490

Defensive reference: Around 4460, if broken, adjust your strategy promptly

Short-term target: First watch the 4530-4550 range

After breaking through, look towards 4600-4680

Trading doesn’t need to be rushed; control the rhythm and position size, and steadily seize each opportunity. $BTC $XAUT $ETH