Bitcoin's price movements resemble a roller coaster, rapidly retreating after surging to a peak of $107,000. Daily overbought signals have appeared, indicating insufficient upward momentum. Meanwhile, institutional actions are frequent, with MicroStrategy significantly increasing its holdings, and Bitwise predicting that Bitcoin will rise to $200,000. However, risks cannot be ignored; the SEC's review of Bitcoin ETFs remains unresolved. If rejected, the market may face a severe downturn. Additionally, recent liquidation events have been frequent, creating a strong speculative atmosphere. Therefore, I advise investors to act cautiously, buy in batches, keep total positions within 10%, and set stop-loss points. If it falls below $98,000, withdraw immediately.

Regarding Ethereum, although it experienced a 40% surge after the upgrade on May 7, the market did not calm down. Issues such as capital dispersion in L2 networks and large holders selling off have followed, increasing market concerns. However, if BlackRock's application for an Ethereum ETF staking is approved, it could bring in billions of dollars in capital, raising the target price to $6,500. Meanwhile, Ethereum's leading position in the DeFi and NFT spaces remains solid, with substantial staking yields. However, bears are also not backing down, arguing that Ethereum will lose value support after transitioning from PoW to PoS, potentially dropping to $800 to $1,200. Therefore, I recommend that investors cautiously test the waters within the $2,200 to $2,400 range, and closely monitor market dynamics if it falls below $2,500.

In summary, the SEC's decision on ETFs on June 3 and the progress of the Ethereum staking ETF will be critical for market trends. Given the current high greed index in the market, investors should remain calm, avoid blindly chasing highs, and ensure the security of their principal is paramount.

Feeling lost and unable to find a way out? The market is currently tumultuous; walking alone is lonely, and only those who resonate together can gather!