June 2 Evening Market Analysis:

From the daily level perspective, Bitcoin's decline came to an abrupt halt at the shark bull-bear line. The price not only failed to break below this key support level but also triggered strong buying power. According to harmonic theory, as long as the bull-bear line remains unbroken, significant downward trends are unlikely to occur.

On the 4-hour chart of Bitcoin, the price retreated after two attempts to break higher, once again approaching the neck line, initially showing the characteristics of a small double top adjustment. However, whether the double top pattern can ultimately be established still depends on the strength of the neck line support. From yesterday's closing situation, Bitcoin failed to quickly recover after the retreat and did not re-establish at the middle band of the Bollinger Bands, with the current price continuously running below the middle band. This indicates a slightly weak trend at the 4-hour level, with a low closing price, and a fierce battle currently unfolding around the neck line support. It's worth noting that although Bitcoin is still in an upward channel, the upward momentum has weakened, and there is strong resistance around $108,000.

Looking at Ethereum, from the daily technical indicators analysis, the current coin price has risen above the 5-day moving average. Currently, Ethereum is undergoing box oscillation adjustment near $2,500. In terms of technical indicators, both KDJ and MACD indicators continue the oscillating upward trend; the MA5 and MA10 moving averages maintain an upward divergence trend; and the BOLL indicator's bands are continuously narrowing. In summary, it is expected that Ethereum's price will likely maintain a sideways consolidation around $2,500 for the day. The short-term trading suggestions are as follows:

Buy Bitcoin near 102800-103000, target around 105800-106000

Buy Ethereum near 2450-2475, target around 2540-2560

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