2025.6.4 Early 10:02 BTC/ETH Market Analysis
That night, 1.1 billion CNY was plundered, 66,354 people went bankrupt to zero. Entering June, the market suddenly fell silent; from the liquidation amount and the number of people, it can be seen that market liquidity suddenly decreased by at least 60%. Last night's trend of 2640 immediately saw an increase in supply, greater selling pressure, and shorts taking action, with some opening short positions and others not at the 2640 line. The short opportunity at dawn was at 2625, and the rebound was very weak! The lowest retracement was at the 2570 line!
Basically, the oscillation range is fluctuating within our aggressive range points, suitable for watchful traders, and cautious order placements. Such extreme compressed market conditions are indeed more challenging, but do not panic; the secondary market is never short of opportunities. If you miss this one, seize the next, and don't be overly concerned about gains and losses!
BTC Focus
Support: 103233/102403/98500
Resistance: temporarily set at 107100/110000
At this moment, the key points for BTC are still 103055 and 107100 as the upper and lower bounds, consistent with yesterday's key support and resistance levels. It has finally shown some decent oscillation, no longer just a $300 fluctuation. Yesterday, in total, it moved out about $6000 space with each move being $1500-$2000, which is not large, but at least there's some space!
ETH Focus
Support: 2460-2480/2403/2343
Resistance: temporarily set at 2660/2700/2740
The aggressive points are still placed between 2540-2560. This morning, during the urine trading period, it finally touched the 2570 line. Although the point was slightly off, the rhythm is fine. Continue to maintain the rhythm; if you miss it, wait for the next wave. For quick entries and exits in small spaces, it's better to operate by watching the market. It’s unrealistic to prepare a dozen small space strategies in advance without watching the market. Therefore, those who like high-frequency short-term trading can cultivate experience and operational habits in this area. Do not let ultra-short become short-term, then become medium-term, and finally lead to liquidation!
In terms of operation: it's still about taking opportunities when they arise; if there are no opportunities, wait. Volatility equals opportunity; without volatility, there are no opportunities. Just like what was mentioned yesterday, wait for more opportunities to go long and short at higher levels. There was an opportunity for shorts last night; a few points difference prevented hitting it!
