🚨6/5 Evening BTC/ETH Market Update🚨

🔶 Yesterday, Ethereum peaked around 2680 and began to retrace. The long position mentioned in yesterday's article around 2608 also reached the second target near 2680. After reducing the position to protect capital, Bitcoin allowed participation in long positions around 104900 to 103600 yesterday, but subsequently only reached around 105500, faced resistance, and then moved downward. Currently, it has also exited at break-even.

🔶 For the evening operations of $ETH , closely monitor the resistance around 2620. I personally feel that this trend needs to continue moving down for a period before participating in lower long positions. There is support at the lower 2570 level with four small baseline lines, as well as 0.78 extension line support, and previous resistance turned support around 2545, along with 2511 nearby where one can consider participating in lower long positions.

🔶 From the market perspective of $BTC , the downtrend has formed an upward channel, with a stop at the trendline bottom near 104300 in the evening. However, now around 104900, it is also being pressured by a smaller downtrend line at the top, as well as Fibonacci retracement line resistance. Therefore, long positions need to wait for a breakthrough here. If it stabilizes, one can cautiously try a position. If there is direct resistance and downward movement, then one should ambush long positions lower. The lower levels of 103600 to 102650 to 101888 can be monitored, as well as the upper levels around 105200 and 106880. If it effectively stabilizes above 107000, we can continue to look at 108350 and around 110400.

⚠️: Note that the above entry and exit points have a deviation of ±100 points for Bitcoin, ±5 points for Ethereum, and all the above entry and exit points are conclusions drawn from market charts and technical indicators. They are subject to real-time changes and influenced by news, so please adjust based on your own actual situation. This is purely a personal opinion for reference, and you are responsible for your own profits and losses! #我的COS交易