6.1 Afternoon Thoughts:

After a significant weekly bullish candle, this is the first pullback, be aware of the potential for a deep adjustment following a sharp rise. Daily moving averages have deviated too much, entering a consolidation phase, with the strength of the K-line increasing, continuously testing support, and the chances of a downward breakout are increasing.

Key points with a focus on high K-line:

Bitcoin short target at 105,500 - 106,000 with a target of 103,000, if broken look at 101,500, with a defensive level above 106,500.

Ethereum at 2,580 - 2,620 K-line, watch 2,480, if broken look at 2,420, with a defensive level above 2,650.

Afternoon observation focus: confirmation of 4-hour RSI divergence, if BTC effectively falls below 104,000 during the European session, it may accelerate the pullback. Strictly defend and control positions.