Track real-time hot topics in the crypto world and seize the best trading opportunities. Today is Friday, June 5, 2026. I am Wang Yibo! Good morning, fellow crypto enthusiasts ☀. Iron fans check-in 👍. Like and make big money 🍗🍗🌹🌹.

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Yesterday, subtle changes appeared in the macro environment: optimistic sentiment about Lebanon's ceasefire increased, the US dollar index retreated from a nearly two-month high, gold and US stocks rebounded, and crude oil plummeted over 3%. However, the crypto market once again moved independently — it did not rise following the dollar's decline or risk assets' rebound, but continued its weakness, with Ethereum hitting a new low since 2026, and Bitcoin also refreshing recent lows. Altcoins all declined in unison. Subsequently, the market entered a consolidation phase, with no further increase in bearish volume, and downward momentum weakened. Overall, the current market is in a "small-scale correction after bearish exhaustion" stage, with no signs of capital inflow or trend reversal. In terms of strategy, maintain a high short bias, watch for resistance in Bitcoin at 64,800-65,500 and Ethereum at 1,780-1,820 during rebounds, and avoid bottom-fishing before volume confirms stability. Also, closely monitor weekend consolidation: if prices can stabilize sideways in the current low zone without making new lows, a technical rebound may occur next week. At that time, small positions can be used for short-term long plays, but overall positions should be strictly controlled to prevent a second bottom. Yibo will continue to track macro data, institutional fund flows, and on-chain changes, updating strategies in real time.

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Bitcoin continued its bearish dominance yesterday, dropping rapidly from 65,800 to a new low of 61,300. After a midday rebound to 64,700, it faced resistance again, retested support at 62,200, and in the evening surged to 64,400 before falling back. Currently, it is consolidating around 63,000 with decreasing volume. The 4-hour chart shows a "rapid decline — weak rebound — second retest" converging structure, with lows gradually shifting lower and rebound highs decreasing. The Bollinger middle band is pushed down to 64,800, MACD shows a weak golden cross, RSI remains in the weak zone at 40, and the bearish trend persists. Support levels are at 62,200-61,300, with a break below targeting 60,000; resistance is at 64,400-64,800. In terms of operation, maintain a high short bias during rebounds, avoid bottom-fishing before volume confirms stability above 65,000, and short-term trading can rely on the 63,000-64,800 range for high sell and low buy.

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Ethereum rebounded to 1,850 in the morning yesterday but then sharply reversed, piercing through the previous low of 1,740 down to 1,715, creating a new low since 2026. During midday, it rebounded to 1,820 but faced resistance again, and in the evening, it only touched 1,793 before falling back. Currently, it consolidates around 1,750 with decreasing volume. The 4-hour chart shows lows gradually shifting lower (1,850→1,715), rebound highs decreasing (1,820→1,793), Bollinger bands opening downward, MACD showing a death cross with slightly shrinking green bars, RSI at 35 in the weak zone, indicating a downtrend continuation. Support levels are at 1,715-1,729, with a break below targeting 1,700-1,680; resistance is at 1,790-1,820, with strong resistance at 1,850. In terms of operation, maintain a high short bias during rebounds, avoid bottom-fishing before volume confirms stability above 1,820, and consider shorting at resistance around 1,780-1,800 with targets at 1,750-1,720.