June 7 Market Analysis 🚀🚀🚀

Yesterday, BTC rebounded sharply from an oversold condition, with a quick correction on the 4-hour chart; further adjustments are needed, and the daily level still requires repair, while short-term cycles also need adjustment. The weekly trend remains healthy.

Ethereum followed BTC's rebound synchronously, but the 4-hour chart has not yet finished adjusting; the daily level still needs repair, and a continuation of the rebound is expected during the day. Pay attention to the breakthrough situation at the 2500 resistance level.

Today's Highlights:

BTC's 1-hour and 4-hour levels are below the healthy range, while the daily level has returned to the healthy range. Expect consolidation during the day.

Daily support at 103500-103000 📈

Resistance above at 105500-106000 📉

ETH's 1-hour and 4-hour levels are below the healthy range, while the daily level has returned to the healthy range. A continuation of the rebound is expected during the day.

Daily support at 2415-2445 📈

Resistance above at 2550-2600 📉