KUN Market Analysis June 2, 2026, 16:00

The market remains risk-averse: Bitcoin has returned to around 70,040, with an intraday low of 69,753 and a high of 72,954. ETF outflows, geopolitical risks, and macroeconomic data are weighing on the futures longs; however, there is still some event-driven rotation in the futures side. Today, avoid chasing broad rallies; focus on key level confirmations.

$BTC

Reference price 70,040, the 4-hour chart is close to the 70k integer level, but the rebound volume is insufficient. Support at 69,750/68,800. A break below 68,800 invalidates the short-term structure; only consider light long positions if the 15-minute chart re-establishes above 70,800, targeting 71,800/72,950. Reduce positions near 72,000 and set a stop loss at 69,600. If the rebound fails to reach 70,500, look for short positions at 69,750/68,800 with a stop loss at 71,150. Do not chase shorts until confirmed at lower levels.

$XLM

Reference price 0.229, after a rally driven by the previous DTCC theme, today’s price retraced. Intraday high of 0.268, low of 0.229. Volatility exceeds the broader market, suitable for waiting for a second confirmation. Support at 0.225/0.211. A break below 0.211 invalidates the strong theme; only consider long positions if the price re-establishes above 0.240, targeting 0.255/0.268. Reduce positions near 0.258 and set a stop loss at 0.224. If the price cannot break above 0.240, expect a downward correction, take profits at 0.225/0.211, and set a stop loss at 0.248.

$INJ

Reference price 7.16, intraday rising from 6.45 to 7.31. There is active buying against the trend, but it has reached a short-term profit-taking zone. Support at 6.95/6.72. A break below 6.72 invalidates the support; a pullback to 6.95 without breaking it can be considered for longs, targeting 7.31/7.55. Reduce positions near 7.35 and set a stop loss at 6.78. If volume confirms a break above 7.35, aim for 7.70 with a stop loss at 7.05. If it falls back below 6.95, wait for around 6.72 for potential support.

This is only personal trading notes and does not constitute investment advice.