On Friday, June 6th, support breaks down and we look downward

Overnight, Bitcoin saw another waterfall drop, with the price declining from the 105900 area to a low near 100300, followed by a rebound correction. Overall, there has been a drop of 4600 points since the warning to escape the peak on May 23rd, and the bearish outlook has been consistent, even though the price is still around 110000. Did you enjoy the nearly 10000 points drop? In this round of decline, regardless of how the market rebounds, the bearish sentiment remains strong. The market does not deceive me; dawn is finally here. The previous positions have also taken profits as expected. The long-term strategies have basically all been fulfilled, and friends who have been paying attention for a while should be aware.

Returning to the chart, first looking at the daily line, the overall structure is clearly weak. After a previous one-sided rise, the market has pulled back after reaching a high, showing a wave-like retracement pattern. Currently, there is a large bearish retracement, and the continuation of the bearish trend is evident. Recently, the support at 10300 has also been directly broken, so after the second wave has completed its release, there will be a repair process. In the short term, there may be some rebound corrections. The 4-hour trend is also extremely weak, with each round of rebound ultimately being absorbed by the bears. It is clear that the overall trend is downward, and rebounds are merely adjustments, so in a weak market, rebounds present opportunities to short. In future operations, continue to maintain a high short strategy!

On Friday evening, it is recommended to short Bitcoin at 102000-102500, targeting the 100000-98000 range.

On Friday morning, it is recommended to short Ethereum at 2430-2450, targeting the 2350-2250 range.