June 5th Afternoon Thoughts

The price comparison is already near the previous rising point, with support at 92800 below. We continue to expect the price comparison to recover upwards after this round of consolidation and reach new recent highs again; looking again at the 4-hour chart, the previous range has started to show a choppy back-and-forth pattern. Currently, 94000 is a key watershed point; if it breaks down, it will test the lower support. If it holds, the price comparison will also continue to see a wave of increase. The white pancake market moves slowly, primarily showing a choppy back-and-forth pattern, where both bulls and bears provide us with good opportunities. Currently, the price comparison has already been pulled to the lower range, and we can directly take long positions at the current price of Bitcoin, looking for a rebound in the price comparison upwards.

Operational Advice

Bitcoin can be bought long between 94200-83800, targeting around 95800.

Ethereum can be bought in the range of 1800-1780, targeting around 1880.