Tracking real-time hot topics in the crypto world and seizing the best trading opportunities. Today is Thursday, June 4, 2026. I am Wang Yibo! Good morning, fellow crypto enthusiasts☀ Hardcore fans check-in👍 Like and get rich🍗🍗🌹🌹

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Yesterday, macroeconomic data was densely bearish: U.S. "non-farm" ADP data exceeded expectations, further suppressing the rate cut expectations for this year; the US dollar index closed higher for the third consecutive day, US Treasury yields rose, and gold fell below $4,430. Meanwhile, negotiations between the U.S. and Iran stalled, new conflicts erupted in the Gulf region, crude oil prices rose for three consecutive days, but risk-averse funds did not flow into the crypto market. The three major US stock indices all closed lower, while the crypto market continued its weak trend since this week, with Bitcoin and Ethereum both testing recent lows. Bitcoin yesterday dipped to a low of 64,200, breaking below the previous low of 66,160, hitting a nearly three-month low; Ethereum also weakened, touching a low of 1,768, losing the 1,800 level, with the previous low of 1,837 effectively broken. Altcoins all declined in tandem, market sentiment extremely pessimistic. The current market is in an accelerated downtrend, with any rebound being a technical correction. A trend reversal requires a significant increase in volume on the daily chart or clear bullish divergence signals. Until a clear bottoming structure appears, maintain a strategy of shorting on rebounds, avoiding guessing bottoms, and not bottom-fishing. Control position sizes strictly, implement tight stop-losses, and follow the trend. Yibo will continue to monitor macro data, institutional fund flows, and on-chain changes, updating strategies in real time.

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Bitcoin rebounded from 67,800 early yesterday but then declined steadily. Although there was a technical rebound around 65,400 at midday, multiple tests of the 67,200–67,500 range in the afternoon failed to break through effectively, with clear selling pressure above. In the evening, the market weakened again, and the price broke down once more, with the lowest touching around 64,000 in the early morning, and it is still declining with no clear sign of bottoming. From the 4-hour structure, the candlesticks are consecutively bearish, with lows gradually shifting downward (67,800→65,400→64,000), and rebound highs continuously lowering (67,500→67,200). The Bollinger Bands are opening downward and expanding rapidly, MACD has a death cross with increasing green bars, RSI has entered the extreme oversold zone below 20 but has not formed bullish divergence. The volume-price relationship shows typical bearish features: declining volume during rebounds and increasing volume during declines. Currently, support is focused on the 63,500–62,200 range. If the bears continue to increase volume, the market is likely to further break below 64,000 and test the previous low of 62,000 or even lower. The main trading strategy remains to short on rebounds, with resistance at 65,000–65,500. Until a volume-driven bullish candle recovers above 66,500, do not guess bottoms or bottom-fish, and strictly control positions to follow the trend.

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Ethereum rebounded to 1,910 yesterday but continued to face pressure. Although there was support at 1,816 and a rebound to 1,892 in the midday, two attempts to push above 1,890 failed to hold, forming a double-top pattern. In the evening, the market weakened again, and the price broke through the previous low of 1,837 in the early morning, accelerating downward, with the lowest reaching 1,768, a nearly three-month low. The 4-hour chart shows a clear bearish arrangement: MA5 (around 1,835) and MA10 (around 1,865) crossed downward and diverged, with the price suppressed below all short-term moving averages. The Bollinger Bands are expanding outward, with the price running along the lower band, indicating extreme oversold conditions. MACD has a death cross below zero, with increasing green bars, indicating ongoing bearish momentum. RSI has fallen to around 18, entering a severely oversold zone, but the new low in price is accompanied by a new RSI low, showing no bullish divergence. The oversold condition may persist. Structurally, the rebound highs are decreasing (1,910→1,892→1,851), and lows are shifting downward (1,816→1,768), forming a standard downtrend channel. Volume analysis shows continued increasing volume during declines and decreasing volume during rebounds, reinforcing the bearish outlook. Currently, the price is around 1,800 during a weak correction. Resistance levels are at 1,820–1,835 (previous support and 4-hour lower band), with strong resistance at 1,850–1,865 (MA5). Support is at 1,768 (early morning low). If the price breaks below this, the next target could be 1,750–1,700.