June 4, 2026 00:00

The midnight market is still a settlement-based correction trading: Bitcoin sharply dropped from around 65,700 to around 67,000, but ETF outflows, Strategy reducing positions, Iran-U.S. negotiations, and oil price disturbances have not truly restored risk appetite; open interest on the futures side has increased rather than decreased, indicating shorts haven't fully covered, and longs are still holding on stubbornly. Today, only key level confirmations are made; no emotional chasing trades.

$SUI

Reference price around 0.825, 24-hour range 0.795-0.839. SUI slightly strengthened after a market plunge, but above 0.84 still faces liquidation rebound pressure. Support at 0.812/0.795, breaking below 0.795 invalidates the correction; only consider going long if it stabilizes above 0.842, with targets at 0.865/0.890, reduce positions near 0.865, stop-loss at 0.808. If it cannot hold above 0.842, a rebound around 0.835 is biased bearish, with targets at 0.812/0.800, stop-loss at 0.850.

$ENA

Reference price around 0.1153, 24-hour range 0.0827-0.1153, trading volume increased, Coinbase Ventures buy-in news drove funds to consolidate from the weak side into strength. Support at 0.108/0.101, breaking below 0.101 short-term strength fails; only consider going long if it revisits 0.108 without breaking or stabilizes above 0.118 with volume, with targets at 0.125/0.132, reduce positions near 0.125, stop-loss at 0.104. If it fails to push above 0.118, do not chase high, wait for a pullback below 0.112.

$INJ

Reference price around 6.71, 24-hour range 6.35-6.96. INJ did not follow the strong rally, but USDC integration, regulated futures, and repurchase narratives still support low-level absorption, suitable for range confirmation. Support at 6.55/6.35, breaking below 6.35 turns weak; only consider going long if it re-stabilizes above 6.85, with targets at 6.96/7.25, reduce positions near 6.96, stop-loss at 6.48. If it cannot hold above 6.85, a bias bearish near 6.75, with targets at 6.55/6.38, stop-loss at 6.98.

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