$BTC

① Intraday ultra-short-term pressure: 69300-69600

If the market reaches this position today, it will probably trigger a 30-minute to hourly retracement. As long as the retracement is controllable, it is a retracement rather than a market crash. Then the market will probably continue to rise after the retracement. If the rise effectively breaks through 69300-69600, there is a greater probability that it will test above 70500.

② Intraday ultra-short-term support: 60200-60400

If the market wants to continue to rise, this position must be supported. The worst result is that it cannot fall below 67700. Once it falls below 67700, the short-term market will turn bearish instantly.

Summary: The big one is coming soon. Whether it goes up or down depends on the fluctuations today and tomorrow.

Since the approval of the ETF, a total of $3 billion of Ethereum has been withdrawn from cryptocurrency exchanges.

According to CryptoQuant, the amount of Ether on exchanges fell by about 797,000 units, or $3.02 billion, between May 23 and June 2.

Declining reserves means there is less currency available for sale as investors move their coins into safekeeping for purposes other than immediate sale.