June 8, 2026 00:00

The market continues to recover after a sharp decline, but it is not a strong reversal. Bitcoin is fluctuating around 62,000, with liquidity relatively thin over the weekend; strong employment data lowers expectations for rate cuts, Middle Eastern risks and ETF capital outflows still suppress risk appetite. The futures market today will follow the rhythm of “rebound encountering resistance, confirming highs and lows before proceeding.”

$XRP

Referencing around 1.13, with an intraday high of 1.17 and low of 1.078, the rebound strength is weaker than the mainstream, and only above 1.17 can it be considered to have shaken off short-term pressure. Support levels are at 1.105/1.078; a break below 1.078 invalidates the bullish correction; only if the 15-minute candlestick stabilizes above 1.172 should we consider going long, targeting 1.205/1.245, reducing positions near 1.205, with a stop loss at 1.102. If 1.17 fails and it falls back below 1.105, short-term bearish targets are 1.078/1.045, with a stop loss at 1.182.

$INJ

Referencing around 5.31, with an intraday high of 5.42 and low of 5.01, the rebound from the low lacks sufficient volume, and 5.45 is the short-term dividing line between bulls and bears. Support levels are at 5.18/5.01; a break below 5.01 indicates further weakness; only if it stabilizes above 5.45 should we attempt to go long, targeting 5.72/6.05, reducing positions near 5.72, with a stop loss at 5.16. If resistance occurs before 5.45, a break below 5.18 suggests shorting, targeting 5.02/4.82, with a stop loss at 5.52.

$FET

Referencing around 0.214, with an intraday high of 0.2155 and low of 0.1921, the AI concept rebound shows strong elasticity but is approaching the intraday high, making it unsuitable for direct chasing. Support levels are at 0.205/0.192; a break below 0.192 invalidates the rebound structure; only if it revisits 0.205 without breaking and re-establishes above 0.216 should we consider going long, targeting 0.226/0.238, reducing positions near 0.226, with a stop loss at 0.199. If 0.216 fails to break and it falls back below 0.205, short-term bearish targets are 0.192/0.184, with a stop loss at 0.219.

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