June 5, 2026 08:00

The early session still shows a weak recovery after deleveraging. Bitcoin is around 63,796, with the previous drop below 62,000 triggering large long liquidations. ETF outflows and pre-NFP rate expectations make risk appetite more defensive; the contract market is focused on rebound quality, not considering the red K after a sharp decline as a reversal.

$BNB

Reference price around 603.7, relatively resilient compared to the broader market, but overhead selling pressure at 610-615 is clear. Support at 598/590, a break below 590 signals short-term weakness; only consider short-term longs if the 15-minute K-line stabilizes above 612, targeting 622/635, reduce positions near 622, stop-loss at 598. If the rebound fails to break 610, bearish outlook with support at 598/590, stop-loss at 616; do not chase longs before confirmation.

$AVAX

Reference price around 7.69, altcoins show weak elasticity, still affected by capital withdrawal. Support at 7.55/7.35, a break below 7.35 invalidates the setup; only consider long positions if volume increases to recover above 7.85, targeting 8.10/8.35, reduce positions near 8.10, stop-loss at 7.55. If continuous resistance at 7.80-7.85 persists, prefer a bearish rebound, targeting 7.55/7.40, stop-loss at 7.98.

$BCH

Reference price around 245.4, after a sharp decline, sideways consolidation with suitable volatility for boundary trading. Support at 240/235, avoid long positions if below 235; only trigger short positions if above 250, targeting 258/265, reduce positions near 258, stop-loss at 241. If the rally above 250 fails, look for short positions at 240/235, stop-loss at 253; if 235 breaks, the next target is around 228.

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