June 8th BTC/ETH Analysis:
I’m late, brothers!
Today I was delayed due to an outing and it’s inconvenient to type on my phone, so I’ll keep it short!
BTC
The chart looks relatively strong, with three consecutive bullish candles on the four-hour chart. The price has been capped at the 1058 level for quite some time and is starting to pull back, which is healthy. During the day, pay attention to the 1050 level. If the hourly level pulls back and does not break below 1050, the price will likely attempt to reach the peak at 1058 again or even break through it. Support is at 1044-1036. If the hourly level breaks below 1044, it’s advisable to exit. During the day, the range is between 1047-1052, with a target of 1058-1067.
ETH
Currently, the trend for ETH is relatively weak. It just broke the first resistance level at 2520, but after a quick spike, it started to pull back. As long as the hourly level does not break below 2475, the bullish trend can continue. Throughout the day, focus on the range around 2475-2486, with a stop loss around 25 points and a target of 2528-2597.
The weekend is expected to have normal volatility. In terms of news, pay attention to the Sino-U.S. trade talks; the outcomes could lead to significant market fluctuations!
