June 4th Evening Market Analysis:
Brothers, good evening! Today, the market finally experienced a downward trend. However, from an overall perspective, this decline is not significant. Taking Bitcoin as an example, it has once again returned to the lower half of the daily horizontal range. In contrast, Ethereum has shown relative strength, with the current price sliding down to near the bottom of the 4-hour horizontal range.
From the analysis of future market trends, if the price further declines tonight, the bottom of the horizontal range will become a key support level. If this support level holds, it is very likely to become the starting point for a subsequent upward trend; conversely, once the support level is effectively broken, the market is likely to enter an accelerated downward trajectory.
In the current seemingly calm oscillating market, we need to remain highly vigilant. Because in the B market, a rapid one-sided trend can often suddenly arrive without warning, and its speed can catch people off guard.
Qianshan hasn't reminded brothers to take necessary measures when opening positions for a long time: such as reasonably adjusting positions, setting stop-loss orders, etc. Tonight, I just want to mention it briefly; if brothers have any questions, please feel free to raise them in the comments section, and Qianshan is happy to answer.
Bitcoin Resistance Levels
105900, 106700, 107700
Bitcoin Support Levels
103800, 103000, 102000
Ethereum Resistance Levels
2650, 2675, 2705
Ethereum Support Levels
2588, 2560, 2525
Solana Resistance Levels
160, 163.66, 167.33
Solana Support Levels
154, 150, 147