Midday Thoughts on June 5

The price comparison has already reached near the previous starting point of the rise, with support at 92800 below. We continue to expect the price comparison to recover upward after experiencing this fluctuation correction and reach a new recent high again; looking at the 4-hour chart, the previous range has started to move in a fluctuating tug-of-war style. Currently, 94000 is a key watershed point; breaking below will test the lower support, while holding the price comparison will continue to welcome a wave of upward movement. The current trend of the white pancake is slower, primarily characterized by fluctuations and tug-of-war, providing good opportunities for both bulls and bears. Currently, the price comparison has already been pulled to the lower end of the range, and at the current price, we can directly go long again, looking for a wave of upward rebound strength in the price comparison.

Operation Suggestions

You can go long on the pancake at 94200-83800, with a target near 95800.

You can go long on Ethereum at 1800-1780, with a target near 1880.