June 6, 2026, Weekend, a brief chat about the current market situation


In the past 24 hours, the number of people reaching a new high of 331,496 has gone bankrupt and reset to zero, with $1.78 billion wiped out; since entering June, the number of bankruptcies has exceeded 1.2 million, which is a huge blow to the current market.
The already weak liquidity market has directly shrunk by seven figures, with technical talent, capital, and retail investors collectively fleeing.
Looking at it this way, a market drop of $15,000 this month is understandable and makes sense.
Compared to a 10% floating loss and these 1.2 million people going to zero, we are still much luckier!
I sincerely hope all secondary players can truly hold their chips in the future.
If you entered the market and were brainwashed into gambler’s thinking by someone, now that you see this article, it’s still not too late to change your mindset!
BTC support levels: 67,135 / 60,000 / 57,600 / 48,800
BTC hit an 8-month low, finally testing the 60,000 level, breaking through the last psychological barrier for most bulls.
This is also the reason for the surge in liquidation numbers in the past 24 hours.
Four consecutive days of high volume for longs, but still not enough to reverse the trend.
However, it is indeed the moment for many to enter in batches, which is why more volume appears.
Without the signing of major US-Iran agreements over the weekend, the market is likely to remain narrow and volatile.
Use the weekend to digest market sentiment and repair indicators.
There will be expectations for a rebound next week.
In the next three days, keep the 60,000 level from being effectively broken, and next week, a rebound demand will brew!
ETH support levels: 2,225 / 1,850 / 1,385 / 1,200
Follow the trend of Bitcoin for layout;
Over the weekend, gold and other commodities have no major news stimuli, with small fluctuations!
Operation suggestions do not constitute any investment basis:
It’s fine to gradually allocate spot positions.
For Bitcoin, add 10% each time it drops $3,000;
For Ethereum, add 10% each time it drops $150;
Until the full position is filled.
Next week, SpaceX will list on Nasdaq at $135, planning to raise $75-80 billion.
The rainbow effect still persists.
US-Iran may still cause surprises at any time.
But after this week’s rapid plunge, next week is more about picking up chips!
Stay calm, remember that the mountain collapsing before your eyes doesn’t mean your heart should panic.
This mindset needs to be cultivated; it’s not innate.
Overcoming difficulties mentally and developing resilience takes practice, not innate talent!
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Ryakpanda
· 1h ago
Just charge forward 👊
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