KUN Market Analysis June 2, 2026, 23:00

The current market is a weak correction after a breakdown: Bitcoin spot price is about 67,926, down nearly 5% in 24 hours, dropping from above 71,600 all the way down to around 67,770; spot fund outflows, geopolitical tensions, and large liquidation events continue to suppress risk appetite. The derivatives side is not suitable for blind bottom-fishing, only short-term trades confirmed at key levels.

$BTC

Reference price 67,926, intraday low near 67,770, with 70,000 becoming a strong resistance again. Support at 67,700/66,800, a break below 66,800 invalidates short-term bullish positions; only consider long positions if it re-establishes above 69,200, targeting 70,000/70,800, reduce positions near 70,000, with a stop loss at 67,450. If a rebound fails to break 69,200, look bearish at 67,700/66,800, with a stop loss at 70,150; do not chase rebounds before confirmation.

$XLM

Reference price 0.224, down about 9% in 24 hours, after a spike to 0.258 the previous day, then retraced, indicating that the bullish momentum from news-driven surges has largely been realized. Support at 0.220/0.214, a break below 0.214 invalidates strong structure; only consider short-term longs if it recovers above 0.232, targeting 0.240/0.252, reduce positions near 0.240, with a stop loss at 0.218. If a rebound fails at 0.232, look for short positions at 0.220/0.214, with a stop loss at 0.236.

$HYPE

Reference price 72.24, still up about 2% in 24 hours, relatively resilient compared to the broader market, but there is obvious selling pressure above 75.5. Support at 71.5/70.5, a break below 70.5 indicates intra-day weakening; a bounce off 71.5 without breaking it can be a light long entry, targeting 73.8/75.5, reduce near 73.8, with a stop loss at 70.2. If volume increases and it stabilizes above 75.5, look for a breakout long, targeting 77.8/80.0; do not chase high before a breakout.

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