BTC
Macro:
1. The U.S. Core PCE Price Index for May was released at an annual rate of 2.7%, slightly higher than expected.
2. BTC options with a nominal value of $15 billion will expire today, with a maximum pain point of $102,000 and ETH's maximum pain point at $2,200.
3. Grayscale updates its Q3 Top 20 assets list: adding AVAX and MORPHO while removing LDO and OP.
Technical:
1. On the weekly level, this week's candlestick closed as a bullish candle, showing a slow oscillating upward trend, but there is still a double top expectation in the overall structure, and this expectation has not been broken.
2. On the daily level, yesterday's candlestick closed as a bearish candle at resistance, ending a three-day bullish trend since the bottom, with continuous decreasing volume. The current structure has reached near the upper resistance line of the flag-shaped consolidation. If this resistance is not broken, the market will retrace towards the lower line of the flag. If a breakout occurs, it can target the flag's highest point around 111,800.
3. In terms of KDJ, the price has entered the overbought zone again, and in the previous two instances when the price was in this overbought zone, it was at relatively high peaks. If the upper resistance line is not broken, a pullback should be noted.
4. On the 4-hour level: in terms of MACD, a death cross has just formed with bullish momentum turning bearish.
5. In terms of TD sequence, a bearish TD9 has formed at a high position.
6. In terms of Bollinger Bands, the intraday naked K-level support is at 106,480, resonating with the middle Bollinger Band support. The intraday oscillation range is 108,200-106,480
