BTC: Short-term volatility leaning bearish, 104000-106000 is the dividing line between bulls and bears, a deep drop requires macroeconomic negative factors to align.
ETH: Weakness unchanged, 2460-2600 is the line of life and death, be cautious about bottom fishing before breaking through.
Ethereum to 2000 → probability over 60%, and after breaking down, it may continue to decline, bottom fishing requires caution.
Bitcoin retracing to 90,000 → short-term probability of 50%, but needs macroeconomic negative factors to align, otherwise strong support is at 93,000-95,000.
90,000 support level is currently recognized as a key position in the market, Standard Chartered Bank clearly warns: if BTC "clearly falls below 90,000", it may trigger large-scale ETF liquidations, leading to a second bottom testing at 80,000 with a drop of about 10%.
Short-term catalysts:
June 19th Federal Reserve meeting: if Powell releases hawkish signals and does not cut interest rates, it may intensify selling pressure.
It is recommended to closely monitor the June 19th Federal Reserve meeting and the ETH/BTC exchange rate; these two variables will be the core factors determining price direction next week. If ETH continues to be weak, BTC will also find it hard to remain unaffected.
May was also a perfect ending month, tomorrow Monday marks a new beginning, preparing to layout short-term Ethereum with a profit of 100–180 points, interested friends can pay attention!
Historical high, holding a short position in Ethereum for over a month has nearly yielded 1000 points, a real test of mentality, but also very comfortable!
Recent operational strategy for Ethereum and Bitcoin ⬇️
