BTC and ETH had a spike on June 6th, with the 4-hour SKDJ golden cross indicating the start of a rebound. BTC rose by over 5000 points, and ETH also increased by nearly 200 points, which is quite significant, both being substantial gains;
Currently, both BTC and ETH are in the overbought region at the top of the 4-hour SKDJ, with a SKDJ death cross. Particularly for ETH, the trend pressure is obvious, and it may need to pull back to adjust the indicators, confirming the bottom with a second test of the previous low;
BTC is relatively strong, having completed a 5-wave decline on the 4-hour chart. The probability of a second test not breaking the previous low is high, with 103000 as support;
ETH is relatively lagging and may follow BTC's path. It has completed a 5-wave decline on the 4-hour chart and is currently in the transition from wave 4 to wave 5. Considering the weekly corrective wave, it indicates a pullback now, and if it breaks below 2379 on Monday, both the 5-wave structure and the weekly chart breaking this week's low will be fulfilled, completing the trend and starting a rebound;
We will watch the 4-hour trend. If there is a second test today, the probability of BTC not breaking the previous low is high. For ETH, we will look for the low point by tomorrow and next Monday. Altcoins during this time tend to follow BTC, and most should not break their previous lows, presenting an opportunity;
