BTC & ETH Technical Analysis and Short-Term Trading Strategy

BTC

Bitcoin:

Last week, a bullish candle with a long lower shadow was formed, briefly dipping below the 7-week moving average before rebounding, indicating certain buying support below. Key support to watch is 94,000; if broken, further declines may occur.

Daily Level: Over the past two weeks, a downward trend has been observed, with the first resistance level above at 107,000 (previous step bottom). Currently at the second step top (around 106,000), if today closes with a solid bearish candle and breaks below 105,000, it may initiate a new round of decline.

4-Hour Level: A V-shaped double top structure was formed last week, and currently, two consecutive large bearish candles indicate that bears are dominant, suggesting further downside in the short term. Key intraday pressure: 106,000-107,000, support to watch is 104,000-103,000.

ETH (Ethereum)

Weekly Level: Four consecutive weeks of highs followed by pullbacks, closing with a long upper shadow, indicating significant selling pressure above.

Key support to watch is 2400 (7-week moving average); if lost, it may accelerate the pullback.

Daily Level: For nearly a month, it has maintained a high-level range (2680-2480). On June 6, a large bearish candle broke below the 30-day moving average (lifeline), and after a rebound, it turned bearish again today; if it breaks below 2480 and closes with a solid bearish candle, the short-term target may look down to 2280.

4-Hour Level: Two consecutive large bearish candles have broken the rebound channel, indicating a bearish short-term trend.

Key intraday pressure: 2510-2540, support to watch is 2460-2420. #非农就业数据来袭