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## 🥇 Gold Morning Report | June 5

**Spot Gold $4,471 (+0.65%)** 24H Range $4,444-$4,512

| Indicator | Value |
|:---|:---|
| 200-Day Moving Average | $4,427 (Held) |
| US Dollar Index | 99.34 (-0.21%) |
| 10-Year U.S. Treasury | 4.463% (-3bp) |
| Crude Oil | -3%+ (Israel-Lebanon ceasefire) |

**Key Signals:**
- Oil prices plummeted 3%, easing inflation concerns → US dollar weakens → Gold rebounds
- 200-day MA at $4,427 successfully held, technical trend remains bullish
- But from ATH of $5,592, down 16%, Middle East ceasefire is unstable

**ETF Market:**
- China’s 14 gold ETFs net outflows over 10B yuan in nearly a month (Huatai Securities accounts for 6.25 billion)
- India’s gold ETFs see their first monthly net outflow in a year
- Global ETF net outflows of $2.2 billion in May, reducing holdings by 16 tons

**Today’s Focus:** US Non-Farm Payrolls (Expected +85K / Unemployment Rate 4.3%)

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## ₿ BTC Morning Report | June 5

**BTC $63,500 (-4.37%)** 24H Range $61,336-$67,403

| Indicator | Value |
|:---|:---|
| Fear Index | **12 Extreme Fear** |
| 200-Week Moving Average | $61,626 (Touched) |
| Daily RSI | **17.8 (Most oversold since 2020)** |
| Market Cap | $1.27T |
| 7-Day Change | -13.76% |

**Main Negative Factors:**
- BTC ETFs have experienced 13 consecutive days of net outflows, totaling over $4 billion (longest on record)
- Hedge funds sold 52,000 BTC in Q1 (-17%), holdings down to 261,000
- Mt. Gox wallet activity involving 10,422 BTC (~$739 million), market panic
- Strategy’s first sale of BTC (32 coins), breaking the "never sell" narrative
- AI capital inflow effects: SpaceX/Anthropic/OpenAI IPOs diverting funds

**Bottom Signals:**
- Rainbow Chart breaks below "cash-out zone" (only seen during FTX collapse)
- RSI at 17.8 = generational oversold, historically followed by short-term mean reversion
- Standard Chartered’s Geoff Kendrick: "Bottom nearly confirmed" (3 major conditions)
- $1.5 billion futures liquidated, leverage longs nearly wiped out

**Key Levels:** Support at $62,910 / $61,430 (200-week MA) / $59,763; Resistance at $63,830 / $66,487

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## ⟠ ETH Morning Report | June 5

**ETH $1,787 (-4.07%)** 24H Range $1,718-$1,889

| Indicator | Value |
|:---|:---|
| Fear Index | 12 Extreme Fear |
| ETF Outflows for 17 Days | **$847 million** |
| Hodler Net Buying | 2 days of **80%** plunge |
| Daily RSI | 21 (Deep oversold) |
| 7-Day Change | -9.58% |

**Main Negative Factors:**
- ETH ETFs have outflows for 17 consecutive days, with BlackRock’s ETHA losing $51.58 million in a single day
- Long-term holders’ buy-in shrank from 339K ETH to 68K ETH (80% in 2 days)
- Old coins start moving (Age Consumed surging) = veterans selling at a loss
- Inverted cup-and-handle pattern target **$1,550**

**Structural Issues:**
- $1,800 is the last support; breaking below targets $1,740 → $1,550 → $1,404
- Coinbase premium index drops to -0.16 = US demand collapsing
- $369 million leveraged longs liquidated
- Little on-chain demand support between $1,800 and $1,250

**Only Reversal Condition:** Recapturing $2,000 to offset recent declines, current selling pressure persists

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**One-sentence Summary:** All three lines are scraping the floor — gold held by the 200-day MA, BTC at its most oversold since FTX, ETH just a step from the $1,800 critical line. Today’s non-farm data could be the key to breaking the deadlock.