🥭 June 1st midday market outlook. 🥭
$BTC opinion:
㊗️ Happy Children's Day to all the big children and their little ones at home! Wishing you good health and robust growth.
The big coin has broken through 104670 with significant volume; go long if it closes above 104670, with a stop loss on a break below.
If it breaks below 103920 with significant volume and fails to recover, go short on the right side, with a stop loss on recovery. Pay attention to volume changes and manage your stop losses well.
If it fakes a break below 103292 and recovers, take a light long position; if it breaks below 102512, stop loss. If it doesn't recover, don't go long.
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For the big coin, it must break and hold above 104724 on the hourly level to look up to 105819-106430; if it doesn't hold, it won't help.
For those looking to short the big coin, be cautious of a 2b fake breakout at 104802; if it breaks and holds above 105808, stop loss.
Conservative players wait: long at 102079, stop loss if it breaks below 103189.
Looking at the daily Fibonacci level for the big coin, it hit exactly the 23.6 position yesterday for support and has shown a rebound.
Is the big coin really that strong? It only held at 23.6 and didn’t test the 38.2 position, or a fake break below to dip past 23.6. The probability of a direct V-shaped reversal is too low; it’s more likely to fake a break below 23.6 before deciding to go up.
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Upper resistance: 104595-105331-106425
Lower support: 103461-103004-102594
On the 4-hour level, if it breaks below 103270, look down to 102329-101326; today during the day should still be oscillating, with fluctuations coming at night.
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$ETH thought:
The second coin breaks through 2536 with significant volume; go long on the right side, with a stop loss on recovery.
At 2490, if it breaks with significant volume, go short on the right side, with a stop loss.
If it pulls back to 2449 to confirm support, take an additional long position; stop loss if it breaks below 2409.
On the hourly level for the second coin, it must hold above 2550 to look up to 2587-2614.
For the second coin, watch for a short at 2587; stop loss if it breaks above 2616.
Left-side order: long at 2347, stop loss if it breaks below 2310.
For the second coin on the 4-hour level, to form a W bottom, it must break above the neck line at 2614; only then can the 4-hour W bottom be valid. If it cannot break, the W bottom cannot be completed.
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Upper resistance: 2550-2586-2616
Lower support: 2499-2475-2438
On the 4-hour level, if it breaks below 2452, look directly down to target positions of 2384-2352; in oscillation mode, try to open fewer positions and disperse.
