6 / 6 Daily Trend Analysis

Today's market greed and fear index is 44, the greed index has decreased by 11 points compared to yesterday, and the market sentiment is currently in a slight state of fear.

Looking back at yesterday's analysis, recent research reports have continuously emphasized a short-oriented operational direction. Last night, the major cryptocurrency (Bitcoin) directly broke down with a maximum correction of 5000 points (nearly 5%) within 24 hours, while the second major cryptocurrency (Ethereum) had a maximum correction of 260 points (over 10%). Those who have been following our trades recently have made significant profits.

Current situation: Although there was a significant drop last night, both Bitcoin and Ethereum have shown substantial corrections, but the overall trend remains unchanged. After the rebound, the focus is still on short positions at high levels, and the weekly chart for Bitcoin shows a clear double-top pattern. We are still paying attention to tonight's non-farm payroll announcement at 8:30 PM (less important, focus on the needle), and next Wednesday's CPI announcement (important, determines the major directional trend).

Level Analysis

Today, focus on Bitcoin:

Upper resistance around 103700 to around 104300 as the first and second resistance

Lower support at 101900, around 10200 as the first and second support

(Short positions continue, focus on high shorts, place orders at first and second resistance, set stop loss above the second resistance by about 400 points)

Today, focus on Ethereum: 2470 and around 2500 as the first and second resistance

Lower resistance at 2410, around 2375 as the first and second support

(Short positions continue, focus on high shorts, place orders at first and second resistance, set stop loss above the second resistance by about 20 points)

Summary: In my personal view, short positions continue, waiting for rebound opportunities to maintain high shorts. We are currently in a large cycle with significant volatility, so try not to chase trades now; focus on placing orders. Tonight at 8:30 PM, wait for news to drop and look for opportunities to enter. The weekend market is likely to show a slight upward trend, so for now, focus on small fluctuations, avoid big positions, and take profits for safety.