📅 June 07 Market Analysis
1️⃣ Macroeconomic data remains stable, clear signs of market control
On Friday, two sets of economic data were released: the non-farm data is slightly bearish, and the unemployment rate meets expectations, but the market reaction is muted. The market's sensitivity to macroeconomic data has clearly decreased, and there is no longer the past type of 'sky-high' market. This also reflects a high degree of market control, with factors that can truly influence the market being more related to Trump’s tariff policy, expectations of Federal Reserve interest rate cuts, and his 'tug-of-war' with Musk.
2️⃣ #BTC Bitcoin Analysis
Current Price: 105090
Yesterday, it slightly rose beyond expectations, but on-chain data indicates it is mainly driven by retail investors. The price has returned above 103,000, oscillating in the short term between 106,000 - 103,000.
Resistance Level: 105,500 (corresponding to the daily mid-line and 2B pattern rebound)
Support Level: 103,500
The trend is inclined towards a main oscillation adjustment today, pay attention to high selling and low buying within the range.
3️⃣ #ETH Ethereum Analysis
Current Price: 2,492
The trend is weaker than Bitcoin; although it rebounded with the market yesterday, the strength was relatively weak. The ETF still has net inflows recently, but the market performance is strange.
From a technical perspective, the price broke below the rising channel, and after a pullback to the edge of the channel (which coincidentally is also the Fibonacci 0.5 position), it faced resistance and fell back, rebounding again around 2,455 in the early morning.
Resistance Level: 2,530 (channel edge)
Support Level: 2,450
Subsequently, focus on the price's adjustment performance around the channel edge.
📌 Summary:
The overall market is still mainly oscillating, lacking hotspots, with attention on Trump's dynamics and the Federal Reserve's stance in the news. Technically, both BTC and ETH are in key ranges, it is advised to operate cautiously and manage positions well.
