6.3 13:17 PM


Analysis:
BTC: The chart is very weak, dropping from 73,000 yesterday to 65,400. On the 15-minute level, there has been no sign of stabilization, and on the hourly level, it cannot even maintain the most basic consolidation. A decline of this magnitude is likely to trigger market panic and a stampede sentiment, making longs feel like dogs! (Suggestion: If the hourly-level K-line consolidates for at least 10 hours without making a new low, you can enter with a small position to bet on a bottom-fishing rebound.)
ETH: Currently, without an independent trend, the chart is basically in line with BTC.
Summary: All current upward moves are merely oversold bounces, with no signs of a reversal.
Key focus:
BTC: Whether it can stabilize at 67,200 on the 15-minute level
ETH: Whether it can stabilize at 1,875 on the 15-minute level
Key news to watch this month:
1. U.S. stocks’ weekly chart currently shows 10 consecutive bullish candles, ready for a pullback at any time.
2. June 11 – World Cup (Reference: Historically, when the World Cup starts, capital flows out of the crypto space, leading to declines.)
3. June 18 – Federal Reserve interest rate decision (Warsh’s speech)
BTC0.90%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned