Morning Thoughts Public 1052 Entry Chart

June 5 Morning BTC/ETH Analysis:

Trump regularly calls for Powell to cut interest rates!

Last night, the US released ADP data, showing employment numbers were more than half below expectations. Following this, Trump again called for Powell to cut interest rates. US stocks opened higher, and after a slight pullback, cryptocurrencies started to rebound, with Ethereum even reaching a recent high of 2679. In fact, the policy inclination is definitely bullish for cryptocurrencies, but the current challenge is the serious US debt problem, which limits the availability of funds to support the market. You rarely see Bitcoin and Ethereum diverging significantly, which indirectly reflects insufficient market support. Bitcoin's large size cannot hold up, while Ethereum remains stable!

Currently, Bitcoin has broken below key levels on the daily and hourly charts, showing a clear downward trend. During the day, pay attention to the 1043 boundary point. If it doesn't break below this level on the hourly chart, there may be a certain degree of rebound. If it doesn't break, you can set up a short position around this level. Support below is at 1036-1030-1020.

BTC: Trading around 1052-1057, defending 600 points, looking towards 1043-1020.

Ethereum is now truly leading the way, while Bitcoin starts to follow. Ethereum moves first, then Bitcoin reacts, with an increase greater than the decrease. During the day, pay attention to the 2607 level. You can try a light position around 2607. If it doesn't break below on the hourly chart, the upward momentum will continue, with the worst scenario maintaining a range.

ETH: Trading around 2648-2662, defending 30 points, looking towards 2614-2565.

Macro data is bullish, but the market is actually declining! Real-time information is subject to actual market conditions!

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