June 2nd Evening Market Analysis:
Brothers, good evening! Today, the market originally continued to decline, and the trend seemed clear, but suddenly it started to rebound. A deeper analysis of the logic behind this indicates that it is very likely a bottoming rebound after the positions of large whales were liquidated. Taking a well-known incident in City B as an example, a similar situation had occurred before; when the market leaders liquidated the long positions of the whales, the whales often quickly reversed their positions. This time was no different; after the long positions were liquidated, the whales opened large long positions again. Those market manipulators seemed to be precisely targeting the liquidation prices of the whales for pinpoint explosions, showcasing their ruthless tactics.
The upcoming market direction is quite worth paying attention to; let’s see if those market manipulators will once again raise prices to liquidate the whales' short positions. After all, in City B, this kind of long-short game is not uncommon.
From the market performance, in this rebound, the large coin and Ethereum have shown relative strength. Especially Ethereum, whether it can continue to rise depends on whether the daily resistance level will be broken. Based on historical trends, when prices reach key resistance levels and face daily resistance, the subsequent movements are often full of uncertainties.
Brothers, when making trades, it is not advisable to be overly fixated on the big picture; one must learn to adapt flexibly, just like on the battlefield—choosing to 'develop cautiously' and advancing step by step, which is the way to move steadily in the complex and ever-changing City B.
Large Coin Resistance Levels
105800, 106800, 107700
Large Coin Support Levels
103800, 103000, 102000
Ethereum Resistance Levels
2550, 2280, 2620
Ethereum Support Levels
2475, 2440, 2410
Sol Resistance Levels
158, 161, 165
Sol Support Levels
150, 147, 145