As we step into June, the cryptocurrency market presents a mix of opportunities and cautionary signals.

Bitcoin ($BTC):

Current Price: $104,644

Resistance: $106,000

Support: $103,800

Bitcoin is consolidating below the $106,000 resistance. A breakout above this level could signal a bullish move towards $107,000. Conversely, a drop below $103,800 may indicate a bearish trend.

Ethereum ($ETH):

Current Price: $2,509.44

Resistance: $2,545

Support: $2,500

Ethereum is testing the $2,500 support level. A sustained move above $2,545 could open the path to $2,600. However, failure to hold $2,500 may lead to further downside.

BNB ($BNB):

Current Price: $652.33

Resistance: $660

Support: $648

BNB is trading within a tight range. A breakout above $660 could indicate bullish momentum, while a drop below $648 may suggest a bearish shift.

Trading Strategy:

Breakout Trades: Consider entering long positions if BTC breaks above $106,000 or ETH surpasses $2,545, with appropriate stop-loss orders.

Range Trading: If prices remain within current ranges, short-term trades between support and resistance levels may be viable.

Risk Management: Always use stop-loss orders and manage position sizes to mitigate potential losses.

Stay informed and adjust your strategies as market conditions evolve.

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