Evening Market Analysis on June 3:

Today's market saw significant fluctuations in the morning, with Bitcoin's price briefly breaking through the $106,000 mark, reaching a high of $106,500 before quickly retreating, oscillating around $105,000. In the afternoon, market trading sentiment turned dull, with both Bitcoin and Ethereum experiencing narrow range fluctuations. Among them, Bitcoin found support and rebounded at an intraday low of $104,822, currently maintaining consolidation around $105,200; Ethereum's fluctuation range is even more limited, with prices oscillating between $2,594 and $2,620, overall presenting a lack of trading volume in a sideways trend.

From a daily chart perspective, Bitcoin successfully broke through its historical high, reaching around $120,000, and has started a gradual pullback, currently retracing to the support level near $103,000. It is noteworthy that this support level has shown strong effectiveness during this pullback; as long as the $103,000 support holds, the overall bullish trend remains solid. The subsequent key resistance level above is at $107,000. In contrast, Ethereum has recently been trapped in a range-bound pattern, with the main fluctuation range concentrated between $2,500 and $2,700, where $2,680-$2,700 serves as a strong resistance zone, and $2,500-$2,450 forms an important support line.

Switching to a 4-hour perspective, Bitcoin rebounded quickly after testing the $103,000 support level, but faces short-term resistance in the $107,000-$109,000 range during the upward process. As for Ethereum, it remains constrained by the key resistance level of $2,700, with the current short-term resistance level moving down to $2,650, and key short-term support to focus on is $2,550; if this level is broken, it may trigger further adjustments.

Short on Bitcoin near $105,500-$106,000, target around $104,000-$103,000

Short on Ethereum near $2,620-$2,650, target around $2,550-$2,500

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