June 5 Market Analysis Strategy

From the 4-hour K-line chart perspective, the market trend exhibits characteristics of a transitional phase from a volatile pattern to a directional choice.

The price has maintained a regular fluctuation within the ascending channel formed by the middle and upper bands for 13 trading days. Each time it touches the upper band, a technical correction occurs, and when it dips near the middle band, it receives effective support, aligning with the typical oscillation characteristics before a breakout following the contraction of the Bollinger Bands.

The current chart shows that the price has been engaged in a tug-of-war around the middle band for 5 consecutive trading days, forming a "twisting line" pattern with alternating bullish and bearish K-line combinations. The long lower shadow hammer candlestick with a 1.5 times body that appeared during the dip to the middle band yesterday confirms the presence of bullish resistance at the key support level.

Operation Suggestions

Bitcoin: Buy around 104500 with a short-term target of around 106000-106500.

Ethereum: Buy around 2610 with a short-term target of around 2700.