June 8th Cryptocurrency, US Stocks, Market Analysis ‼️

【US Stocks】
Big tech stocks in the US market are looking at tonight’s recovery; pre-market gains are not a good sign, watch out for profit-taking during the opening surge and reduce positions accordingly, be aware of risks.
There’s a higher likelihood of a pullback. After two consecutive bearish candles, observe the strength of the rebound; if there’s another sharp decline today, consider some bottom-fishing, as rebounds usually follow.
【BTC Bottom-Fishing Trilogy】
1. Observe daily chart to see if new lows are being made.【Satisfied, watch Monday】
【Saturday low-range oscillation: BTC: 59,130.19 ETH: 1,505.68, no new lows】
2. The low point at key levels needs to be an integer milestone.【Not satisfied, no integer milestone】
【No integer milestone】
3. Watch for the formation of a bottom reversal pattern on the 12-hour chart.【Satisfied】
【No reversal pattern appears】
These three points (2/3), continue to wait. During pullbacks, you can add some positions; breaking the low is likely a false break.
Conclusion【Consolidation and pause】
Strategy: ✅ Watch for repeated movements on Monday ✅
1️⃣ Major indices 【BTC ETH】 current key support levels:
Near the bottom area, a sharp rise is unlikely; the bottoming process of consolidating and absorbing orders needs to be completed this week. Avoiding a sharp drop is a victory.
【BTC】Long
Open: around 60,000, a break below is also a false break, start bottom-fishing with some positions
Stop loss: 55,000
Take profit: Hold temporarily
【ETH】Long
Open: around 1,600, a break below is also a false break, start bottom-fishing with some positions
Stop loss: 1,385
Take profit: Hold temporarily

【BTC】【ETH】Focus on BTC: 59,000, 58,000, 55,000, ETH: 1,500, 1,450, the decline is narrowing near the bottom area.
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All opinions are personal views only.
Not investment advice, DYOR.