Recent market trends are fluctuating within a range

1. #BTC , expected range 105800-104500, anticipated oscillating decline;

2. #Eth , expected range 2630-2550, anticipated fluctuating decline;

3. Tuesday 01:00 Federal Reserve Chairman Powell speaks at an event (neutral/slightly bearish);

15:50 Bank of Japan Governor speaks (expected bearish)

22:00 US April JOLTs job openings (expected slightly bullish)

Wednesday 20:15 US ADP employment figures

21:45 US May S&P Global Services PMI final

Thursday 02:00 US Economic Conditions Beige Book

20:15 European Central Bank interest rate decision

Friday 20:30 US Non-Farm Payroll data/unemployment rate data (important)

19:30 US May Challenger job cuts

【Market Analysis】

① Yesterday's market rebounded from an oversold position, with the second contract outperforming the first. The low US manufacturing PMI data and a dovish signal from a Federal Reserve official slightly increased rate cut expectations, but this cannot be sustained. Today, pay attention to the Bank of Japan Governor's speech at 15:50; if there are tightening comments, it will dampen market sentiment and lead to a decline.

② Due to the significant upward movement yesterday/today morning, a correction is expected during the day (to guard against potential bearish sharp declines from the Bank of Japan Governor's speech).

If there are no tightening comments from Japan, then a long position can be taken after a correction shows signs of stopping.

【Strategy】

Focus on shorting during the daytime rebound. Also, guard against sharp declines.

Focus on going long during the night session. Remember to take profits and secure gains.