Evening Analysis of Bitcoin and Ethereum on June 3

The cryptocurrency market surged significantly in May, resulting in substantial losses for those who shorted, feeling like we've entered a bull market ahead of time. From a broader perspective, U.S. policies have the greatest impact on the crypto space. The CPI data for May and June is crucial, as it relates to whether the U.S. will cut interest rates. April's data seems unreliable, and it is estimated that the data for May and June won't be much better; there is a high probability of two interest rate cuts this year. As long as there are two interest rate cuts, the crypto market will certainly see new highs, but it will be challenging for Bitcoin to continue setting new records in June. The strategy provided in the early morning was validated in the morning, with Bitcoin gaining over 2000 points and Ethereum gaining over 80 points. Let's continue analyzing today's market:

Daily Level: The Morning Star and Bullish Engulfing patterns signal a rebound, with strong support at MA30, a slowdown in short-term moving average pressure, a reduction in MACD bearish volume, KDJ correction, and price divergence with RSI. If the descending triangle breaks out, on-chain funding support may push towards the middle Bollinger Band.

4-Hour Level: Price breaks out and rebounds forming a "double bottom", indicating a potential trend change in the Bollinger Bands. MACD bullish volume continues to expand, moving averages form a golden cross, and RSI rebounds. Watch for a breakout at the upper boundary of the range; if it stabilizes, it may initiate a bullish trend.

Operational Strategy:

Bitcoin:

Primarily long positions, enter long in segments between $104,300 - $105,000, with a stop loss at $102,200 and a target at $106,300 - $107,500. If it breaks above and stabilizes at $107,500, it may short-term test $112,400.

Ethereum:

Primarily long positions, enter long in segments between $2,580 - $2,600, with a stop loss at $2,550 and a target at $2,650 - $2,680. If it breaks above and stabilizes at $2,680, it may short-term test $2,800.

Key Focus:

Pay attention to U.S. ADP employment data and OPEC meeting results, as they may trigger cross-market volatility. Also, monitor changes in global regulatory policies, such as the IMF reaffirming relevant positions and new regulations from South Korean exchanges, to guard against policy shocks to the market. Investment requires caution and strict stop-loss measures. Analysis does not constitute advice.