$BTC $ETH 📅 June 7 Market Observation
1️⃣ Macroeconomic environment is flat, the market enters a "cooling period"
The non-farm payroll data released on Friday was unfavorable; although the unemployment rate met expectations, the market's reaction was tepid. Currently, the market's sensitivity to economic data has significantly decreased, and the past dramatic fluctuations of "data rings, gold yields" are now history. The core factors affecting the market have shifted:
- Expectations for U.S. election policies (focus on Trump's tariff movements)
- Federal Reserve interest rate cut game
- Dynamics of tech giants (such as Musk-related events)
2️⃣ #BTC Bitcoin Technical Analysis
Current price: 105,090
• Yesterday's mild rebound exceeded expectations, with on-chain data showing it was mainly driven by retail funds
• Currently back above the key level of 103,000, forming a range-bound pattern between 106,000 and 103,000
• Key levels:
Resistance at 105,500 (daily mid-line + 2B pattern pressure)
Support at 103,500 (bull-bear watershed)
▶ Trading suggestion: Sell high and buy low within the range, remain cautious before breaking through
3️⃣ #ETH Ethereum Trend Analysis
Current price: 2,492
• Underperformed compared to Bitcoin, rebound momentum is insufficient but ETF continues to see net inflows
• Technical pattern:
- Broke below the ascending channel and confirmed on the pullback (0.5 Fibonacci level)
- Tested support at 2,450 and rebounded in the early morning
• Key levels:
Resistance at 2,530 (channel lower edge pressure)
Support at 2,450 (short-term bull-bear battleground)
▶ Need to closely observe the breakthrough situation of the channel resistance level
📌 Trading Tips
• Maintain overall judgment of a volatile market, avoid chasing highs and killing lows
• Key news focus:
- Direction of U.S. election policies
- Statements from Federal Reserve officials
• Technical suggestions:
Both BTC and ETH are at key positions, it is advisable to control positions and wait for direction confirmation
