Analysis of Bitcoin market on June 4th early morning.

Bitcoin displayed a typical range-bound fluctuation before the opening of the US stock market, with both bulls and bears fiercely tugging in the 1048-1055 range. In the evening, a strong surge reached a high of 106700. From the current market perspective, the bullish trend of Bitcoin successfully broke through the previous high of the morning. After a period of five consecutive small bullish candles, the hourly level has adjusted and the bulls are still maintaining a continuous volume increase. A golden cross has formed between the fast and slow moving averages, continuing to diverge upwards, indicating that bulls still have momentum in the future market. Pay attention to the 105000 level in the early morning; as long as the 4-hour level does not break this position, a slight pullback at the hourly level should still lead to an upward movement. Note the pressure levels above at 106500-108850. If the 4-hour level breaks below 1050 in the early morning, this wave of 4-hour rebound will fail, and pay attention to the support levels nearby at 103700-102000. Observe whether the bulls can stabilize completely in the early morning; the strategy should continue to maintain a low bullish approach (be sure to have good defense).

Bitcoin; Long near 105500-106000, target at 107000-108500, defense at 105000.

Ethereum; Long near 2600, target at 2700, defense at 2550.