6.2 Latest Market Analysis



1️⃣ Overall Prediction: Bearish throughout until June 2nd, with a precise top at 82,600 indicated; the market is following a three-push downward decline pattern. It is currently in the middle of the second push down, and the bearish move has not ended.

2️⃣ BTC Price Target: The target for the second push down is 65,000-66,000. After it is reached, a large-scale rebound is expected (thousands to tens of thousands of points). After consolidation, it will continue with a third push down; the ultimate bottom is expected at 57,000-58,000.

3️⃣ Key Resistance & Operations: Short-term resistance at 74,000; medium-term resistance at 78,000. All rebounds are opportunities to short. Move the stop-loss for short positions down to 74,000 to lock in unrealized profits.

4️⃣ ETH Price Target: A medium-term breakdown below 1,750; the subsequent long-term target is 1,400. The decline is very likely to be greater than BTC’s.

5️⃣ Trading Strategy: Since the market has not bottomed out, strictly forbid bottom-fishing. If there are no high-quality short entry levels, stay in cash and observe.
BTC-0.36%
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