Happy Children's Day on June 1, 2025! Best wishes to all friends on this festive day!
On this evening, 1.1 billion CNY vanished into thin air, and 74,050 people went bankrupt. If it weren't for yesterday's weekend and the Dragon Boat Festival holiday, the market would have faced over 4 billion + 200,000 + vanished into thin air like Friday night!
BTC Focus
Support 98,500 / 96,440 / 92,252
Resistance 107,100 / 110,000
The key point at this moment is whether the key level of 102,403 can be held. The first half of the year's market looks basically like this. What follows will be a back-and-forth market, and the tormenting trend that keeps being suppressed and breaking levels will emerge. Once it reaches the air force's rhythm, it's game on!
ETH Focus
Support 2,403 / 2,343 / 2,285
Resistance 2,660
Failed to push to 2,800, and both Bitcoin and Ethereum are covering each other’s retreats. These past few days have tempted many people to swap liquidity with the market makers. You gain chips, and the market makers gain US dollars!
In the next 3 days, focus on the strength at the high points of 2,403 / 102,403. If it effectively breaks down, it will test the support level downwards step by step. If it holds, we will see if it can stabilize and wait for the market sentiment to ease before making another move!
Today's key points for Bitcoin and Ethereum remain unchanged, so approach with caution. It's still wise to keep a bit of the short position for rebounds!
In terms of operations: with low liquidity over the weekend, a sharp drop will definitely lead to a sharp rebound. Pay attention to whether there are reversal signals at 103,000 for Bitcoin and opportunities at the first touch of 102,403, as well as opportunities at the first touch of 2,470 and 2,403 for Ethereum! These positions are currently points where extreme market conditions can easily create volatility!