June 3rd, Morning Analysis

From a technical perspective, the amplitude at the hourly level has contracted to around 2000, indicating a breakthrough in current demand. However, the key is that as long as 106200 cannot effectively break through and hold, the overall downward trend at the 4-hour level is difficult to change. This means that although Bitcoin has shown an upward movement, the overall downward pattern has not been broken, and the short-term rise may just be a counter-trend within the downward movement.

Suggestions

Bitcoin: Trade within the range of 106600-107300, targeting 103600. If 103600 is broken, look down to 102000.

Altcoin: Trade within the range of 2650-2680, targeting: 2580-2540.