June 7, 2025, the first day of the college entrance examination, wishing all students good results
Good brothers on Saturday, you may still be in dreamland, but the students are already at the starting point of their dreams. Let us together vow to bless these future pioneers of the world to achieve good results!
Last night there was a first touch short at 2542, but unfortunately the market did not shake, just one step away, did not connect! The strength of the second peak this morning was very weak, and the rebound at 2506 was immediately suppressed!
Although last night's short position may not have been taken, it certainly shouldn't have led to chasing long positions above 2500! If you chased long, then you really need to reflect on it well!
BTC Focus
Support 98500/97669
Resistance temporarily set at 105461/108200/112000
At this moment, the key point for Bitcoin is at the 103965 line. Both long and short positions can be taken over the weekend; both high jumps and deep squats are opportunities. The current market is still in a state of sharp declines and sharp rises, grinding and tormenting back and forth. After the hope of a rate cut in June has been dashed, coupled with the rift between Old Trump and Old Ma, the uncertainty in the North American market adds another layer of shadow! I can't say this year's peak, but the peak in the first half of the year is basically 111959!
ETH Focus
Support 2343/2285/2215
Resistance temporarily set at 2515-2542 line/2600
Currently, there is intense competition at the 2466 line; patiently wait for the opportunity to go long after pushing up in the afternoon or evening! The weekend has been the same old rhythm for ages!
In terms of operations: yesterday's resistance levels have basically all retraced, the violent rebound target after the crash has been achieved. Unfortunately, it couldn't reverse the bearish trend, and it may take 3-5 days at least, or possibly 7-15 days of consolidation. First, we need a wave of further decline to confirm whether we have reached the bottom, and then consolidate to confirm whether this bottom turnover is sufficient and whether it is a market-recognized bottom; such bottom building is meaningful. Otherwise, it will be a continuation of the decline. A rebound short and a new low long is a safe operation; the trend is there! Just manage risk well!