June 4th Daytime Inventory Position Analysis:
Brothers, good afternoon! In last night's market analysis, I mentioned that the key resistance level of that wave of upward trend lies in the previous high from yesterday's morning session. If this position cannot be broken, based on the smaller time frame, it is highly likely that the market will pull back. Just now, Qianshan reviewed the trend of Bitcoin and found that it touched the previous high at night, then precisely revisited the 105070 line this morning, and quickly rebounded upwards. Today, we still need to focus on this key support level. As long as the price does not fall below this position, the subsequent market is expected to continue to rise; on the contrary, if this position is effectively broken, the market may further decline.
Taking Bitcoin's 4-hour level wave trend as an example, we can clearly observe that its top is continuously rising, and the bottom is also gradually moving up, presenting a standard upward trend. From the perspective of Qianshan's deduction method, if the weekly level enters a sideways phase next, the current price is still in the lower half of the weekly sideways range. Therefore, we need to focus on the continuity of this upward trend, to see if it can drive the price to break through the central axis of the weekly sideways range and enter the upper half. For example, in past market trends, similar upward trends, if effectively supported at key support levels, often lead to further price increases and breakthroughs of important resistance ranges. Therefore, for the current Bitcoin market, we need to closely monitor the gains and losses at key positions to grasp the changes in market trends.
Bitcoin Resistance Levels
106700, 107777, 108800
Bitcoin Support Levels
104000, 103000, 102000
Ethereum Resistance Levels
2648, 2678, 2705
Ethereum Support Levels
2560, 2520, 2475
Solana Resistance Levels
160, 163, 167
Solana Support Levels
154, 150, 147