Keep track of real-time crypto market hot topics and seize the best execution opportunities. Today is Wednesday, June 3, 2026. Good morning, crypto friends☀; Iron fans check in👍; Likes bring big money🍗🍗🌹🌹

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Yesterday, the entire crypto market collapsed under the combined pressure of geopolitical “black swan” events and macroeconomic negative shocks: U.S. military airstrikes hit Iranian communication towers; Iran’s Revolutionary Guard retaliated and launched counterattacks; and Iran suspended US-Iran negotiations. This was compounded by the U.S. April PCE inflation reaching a three-year high and hawkish voices from the Federal Reserve rising one after another. Bitcoin plunged nearly 6% in a single day, nearing 66,000; Ethereum fell through 2,000 to 1,837. In 24 hours, more than 150,000 traders across the entire network were liquidated, with total liquidation amount of about $1.26 billion. At the same time, however, the three major U.S. stock indices closed at fresh highs against the trend. Crypto and U.S. stocks have completely decoupled, and funds are accelerating their escape—Bitcoin spot ETFs have recorded net outflows for 11 consecutive days, totaling $3.45 billion, which has become the most dangerous signal in this round of declines. With the market still dominated by bearish panic, if 67,000 (BTC) and 1,900 (ETH) cannot be quickly reclaimed, the downside will test the 65,000 and 1,800 levels. Yibo will continue tracking macro data, institutional fund flows, and on-chain changes, updating strategies in real time.

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Bitcoin extended yesterday’s decline and formed a one-way sideways-to-down structure. After a brief morning test at 71,500, it kept sliding under pressure. Throughout the day, it showed a “stair-step” style of gradual bearish drift—each drop was not large, but rebounds were extremely weak, and the bulls had no resistance. In the early hours, it dipped to 67,041 before making a slight rebound to 68,100; however, the rebound quickly failed, and the price slid again to 66,366. Today’s early trading, driven by news, saw the price flash through 66,160, setting a new low for this leg of the decline. It is currently rebounding slightly to around 66,500 for consolidation. At present, it is in a 4-hour accelerated downtrend channel: the price has repeatedly broken key supports such as 67,000 and 66,160, and the lows have been stepping down one by one. Rebound candles have very small real bodies and shrinking volume. The Bollinger Bands have opened downward and expanded; the MACD death cross has widened with green bars enlarging; the RSI has entered extreme oversold conditions below 20, but no bullish divergence has formed. The volume-price relationship shows a typical bearish dominance pattern. In the daytime, the key rebound focus is the 67,500–67,800 area. If it stalls under resistance, you can continue to consider going short on rallies, with resistance defense at 68,300. Downside targets: 66,200 (the level where the real body breaks) → 65,000 → 63,500. If it directly breaks below 66,200 on increased volume, consider chasing shorts with a light position. Until a breakout bullish candle recovers above 69,000 on increased volume, maintain the main idea of shorting on rebounds—don’t try to catch bottoms or guess bottoms.

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Ethereum was relatively more resilient during yesterday’s daytime. It tested 2,008 in the early session, then pulled back to 1,962 to stabilize and rebound. In the afternoon, it touched 2,005 again, then faced pressure and turned back down. In the early hours, it moved in tandem with Bitcoin as selling accelerated; after an intraday spike low to 1,890, it rebounded to 1,943. But in the morning session, driven by news, it flashed down again to 1,837, and it is currently in a weak correction around 1,860. In terms of technical structure, on the 4-hour timeframe there are consecutive bearish candles with long lower shadows. Price is running along the lower Bollinger Band. The MACD death cross is diverging, and the RSI has entered the oversold zone below 20 but has not formed bullish divergence—this is a typical oversold rebound/repair structure after accelerated bearish moves. On the upside, focus on the 1,880–1,920 zone for rebound and correction. If price rebounds into this range and shows signs of stalled growth (upper shadows and shrinking volume), the bears will push again. Downside targets: 1,837 (previous low) → 1,800 → 1,760. If it has difficulty staying above 1,920 and fails to form a solid, real-body stabilization, there is still room for the market to continue falling and probing the lows. In terms of execution, maintain the main idea of shorting on rebounds—don’t guess the bottom, don’t bottom-fish—and strictly control position sizing.