Analysis of the Market on June 3rd by Bi Zhuge (Part 2)

In the previous part, it was mentioned that as long as you follow this wave, the returns won't be too bad. But many people will ask, what should we do now? Will the market still rise? Do we need to take profits? The answer is that we definitely need to take profits this month. There is no market that always rises, nor one that always falls. We should just grasp the relative starting points for rising and falling, and in between lies the fruits we can harvest! Now, let's return to the market and analyze this month's trend from a technical perspective! Actually, on the 28th of last month, I already hinted in the member group about the personal viewpoint that we could appropriately reduce positions, and said to wait for the monthly close before considering further actions. I remember at that time Bitcoin was over 109,000+ and Ethereum was over 2,680+. Those family members who listened basically avoided the pullback at the end of the month! Of course, for those who didn't reduce their positions at the end of last month, is there still a chance to escape the peak this month? The answer is that there is a high probability of another opportunity to escape the peak!

On the evening of June 1st, we provided a detailed market analysis to our family members during the live meeting. This month is basically about using small cycle-level rebounds to reduce positions to cash out! As for where to reduce and when to do so, we can't discuss it further, as the K-line is generated from the market. Currently, we are in the beginning stage of a rebound and it hasn't fully peaked yet, so there is still a chance to push further. As for whether Bitcoin can continue to break new highs, we just need to observe the upward momentum in the near term. If it quickly breaks through 109,000, there may still be a chance to hit a new high again. But regardless of how high it goes, this month will still focus on reducing positions and cashing out, getting cleaner and cleaner! Don't go away, there's a part three coming up, and it's even more exciting...

The above is purely a personal viewpoint and does not constitute investment advice! The cryptocurrency market has risks, and investing requires caution!