Good morning, brothers! Today is June 1st, wishing everyone a happy holiday, haha. Yesterday, the teaching chain team gave two suggestions: buy at 103000/2490, and it peaked in the evening around 105000/2550 before starting to pull back. There is still selling pressure in this area, so I didn't mention a reversal signal yesterday.
Liquidity is a bit poor over the weekend, so the volatility will be smaller. The teaching chain expects that today may not break significantly above 105000/2550, as the details can be verified by the trading volume. The rebound is particularly obvious on the 4-hour and hourly cycles, both showing reduced volume during the rebounds and increased volume during the pullbacks, indicating insufficient strength in the market. Regarding Ethereum, around 2500, this position has been maintained in a sideways manner for about three weeks, with strong support in the range of 2450-2500. I don’t see it breaking below for now; operationally, we are looking at pullbacks or fluctuations within the range of 103000-105500.
For 104500 long, 105000 add long, target 103000, second target 102200, with a stop loss above 105750.
For 2535-2550 long, 2570 add short, target 2500, second target 2470, with a stop loss above 2590.
