The callback prediction given this morning was accurate, with a volatility space of up to a thousand points. Observing from the daily level, the middle track of the Bollinger Bands shows strong resistance, and the price has not been able to effectively break through, leading to a pullback. Currently, Bitcoin has slightly rebounded to around 105,200, while Ethereum is also fluctuating within the corresponding range.
In the afternoon, we still maintain a bullish view, but trading must ensure proper risk control, strictly set stop losses, and must not blindly hold positions.
Bitcoin is fluctuating around 104,200 - 104,700. If the price rises, the initial target is set at 106,500. Once it successfully breaks through this price level, it is expected to further rise to 108,000.
Ethereum is fluctuating around 2,540 - 2,580. Looking at 2,650, if it successfully breaks through, the subsequent target can look towards 2,700.
The BNB price previously rose to 673.92 and then fell back. The trading volume increased during the price rise, but did not significantly increase during the fallback, indicating a relative stalemate between bulls and bears. If there are favorable news from the Binance ecosystem, it may stimulate the bulls; if there are adverse news such as regulatory issues, the bears may take action. Key point: If it rebounds to around 670, then look for 660-662, with a defense at 673.
The price of SOL has shown a significant upward trend, continually rising and reaching the position of 162.32, indicating strong bullish strength. However, several bearish candles appeared afterwards, and the price retreated, signaling that bears are starting to exert pressure, leading to a divergence between bulls and bears. If the price retraces to the 155 - 156 range, this area is near an important support level from the previous period and close to the middle Bollinger Band support. If it does not break below, a light long position can be attempted. Key levels: 158, watch 160-162, defend at 153$SOL
The U.S. Senate may vote on the GENIUS stablecoin bill as early as June 9 Odaily Planet Daily reports that the U.S. Senate is conducting amendment discussions on the bipartisan 'GENIUS Bill,' and a vote may take place as early as June 9.
In the early session, bulls exert their strength again, confirming yesterday's pullback buying strategy. Bitcoin has completed its consolidation around 103600 as expected, currently facing resistance at 106100, which is the key level for a breakout. The daily chart forms three consecutive bullish candles, maintaining a bullish outlook, and the strategy remains to buy on dips. Morning Operations: Bitcoin: 105000-105500 range, target around 107000 Ethereum: 2580-2600 range, target around 2700
On June 3, news reported that Federal Reserve Chairman Powell pointed out in his opening remarks at the event that the Federal Reserve needs to deepen its research on the policy practices of other countries' governments and central banks, clarifying their impact on the U.S. economy and financial markets. He emphasized that the collapse of the Bretton Woods system in the 1970s fundamentally reshaped the implementation model of monetary policy, with current exchange rate policy primarily led by the U.S. Treasury. In this context, policymakers must pay attention to the potential for significant fluctuations in the dollar, as it will directly affect American households and businesses. Notably, Powell did not address topics related to monetary policy and economic outlook in this speech.
Silk Road at Dawn Today, the cryptocurrency market is showing a fluctuating pattern. Bitcoin surged to 105800 in the early session but faced resistance; although it briefly refreshed its high to 105900, it failed to stabilize and subsequently fell back, ultimately fluctuating in the 103600-104646 range. Ethereum encountered resistance at 2546 in the morning and retraced, but in the evening, it broke through the morning high to reach 2556, with the overall trend leaning towards consolidation.
From a 4-hour technical perspective, the market's consolidation trend is evident. The Bollinger Bands are narrowing, and prices are repeatedly contending around the middle band. The MACD indicator is stuck near the zero line, suggesting a tug-of-war between bulls and bears. Currently, the price is between the middle band and the lower band; if it cannot quickly reclaim the middle band, it may face further downward pressure.
In terms of trading strategy, Bitcoin can be bought on dips in the 103700-104100 range, targeting 105500; for Ethereum, it is recommended to position long orders in the 2500-2530 range, with a target price of 2620, while paying attention to position size and risk management.
Evening Thoughts on June 2 Currently, Bitcoin is in a volatile market. Combined with some recent positive news such as spot gold 📈 and the US dollar index 📉, it seems a rebound is imminent. However, James Wynn is still being hunted. In the short term, we are still looking at Bitcoin, paying close attention to the area around 103,760. If it breaks down, there could still be significant 📉 room. Specifics Bitcoin $BTC : Looking at the range around 104,200-104,500, with 103,500 as a support level. Defend at 104,500. Ethereum $ETH : Looking at the range around 2520-2540, with 2470 as a key level to watch for a potential breakdown.
SOL is currently rebounding to around 158 and has encountered resistance and retreated. A breakdown signal has appeared on the hourly level. In the short term, 156 has become a key watershed; if the price can stabilize at this position with the hourly candlestick body, a continued rebound is expected, with subsequent targets looking at the 161-167 range. However, if it continues to be under pressure below 156, the market will maintain a weak adjustment. Attention should be focused on the support strength at 150; if breached, it may further explore the 145-140 support zone. The current market is at a critical point between bulls and bears, and short-term operations suggest waiting for a clear breakthrough in the direction of 156 before proceeding.
The Bitcoin weekly chart has recorded its first bearish candle after seven consecutive bullish ones, indicating a noticeable increase in market wait-and-see sentiment; caution is required when chasing prices upwards. The daily chart is currently at a critical position, with the middle line of the Bollinger Bands acting as a watershed—if it can stabilize above the middle line, the pullback may end and restart 📈; if it continues to face pressure, it may further test the 100,000 support level.
For short-term Bitcoin operations, the upper pressure levels to watch are 105,500-106,300, and it may be worth considering light positions on upward moves, targeting lower levels of 103,500-102,500; for support below, watch 102,500-101,800, where short-term low entries could be attempted, but quick in-and-out trades are advised.
Regarding Ethereum, there is pressure around 2,550 and 2,600, making it suitable for high-position layouts; support is strong around 2,400 and 2,350, providing opportunities for short-term rebounds.
The current market situation overall remains volatile, and it is recommended to avoid subjective directional predictions, strictly look for opportunities near pressure and support levels, and flexibly manage positions and take profits.
The evening bitcoin has finally welcomed a key breakthrough. Although the price dipped to the 103,700 line and did not continue to decline, this action has validated our recent judgment of a downward oscillation. From the market perspective, the current price has formed a clear resistance zone between 104,000 and 106,000, with each rebound facing strong selling pressure. It is worth noting that the four-hour MACD has been continuously expanding below the zero line, and the Bollinger Bands are gradually widening. These signals indicate that the market is accumulating momentum.
Currently, market sentiment is cautious, with most funds in a wait-and-see mode. From on-chain data, the exchange inventory continues to increase, indicating that selling pressure is still accumulating. If the key support level of 103,000 is broken, it may trigger a new wave of accelerated decline. It is recommended to seize the rebound opportunity to layout positions, with a focus on the resistance level around 104,500.
Operational suggestions: Position around 104,500 for bitcoin, with a stop-loss at 105,800 and a target of 103,000.
Those who truly make a living from trading often exhibit an extraordinary calmness. They are no longer eager to prove their abilities to the outside world, nor are they easily swayed by short-term market fluctuations. In the face of ever-changing market conditions, they maintain a clear awareness, accurately grasping the timing of entry and exit, much like an experienced helmsman navigating steadily through the turbulent seas of the market.
Stable profits cannot be achieved through a few lucky trades; rather, it requires enduring periods of market stagnation and successive losses while still adhering to a trading plan. They focus on the long-term trend of their account balance, not allowing single-day gains or losses to dictate their emotions. In this process, what truly supports them is not the ability to make quick profits but the ability to maintain a calm mindset and strictly execute trading strategies even in the face of losses.
Traders who can make a living from this do not succeed due to luck or intuition but rely on a set of market-tested, stable, and reliable trading systems. Every trading decision is based on established strategies and rules; this rationality and certainty allow them to remain composed even amidst severe market volatility, firmly believing in their ability to survive in any market condition.
The path of trading has never been a shortcut to freedom; rather, it is a lonely journey filled with thorns. Traders who deeply understand this have long abandoned unrealistic fantasies and calmly accept the hardships and loneliness that come with this profession. They understand that only by discarding unrealistic expectations and relying on solid trading knowledge and strict execution can they walk far on this challenging road. When trading is no longer an unattainable dream but becomes part of daily life, this marks the true beginning of making trading a lifelong career.
SOL is currently reported at 154.23, still in a consolidation channel. The current price continues to decline along the Bollinger Bands 📉, with significant selling pressure at 155, and the lower Bollinger Band has shifted down to around 148. The MACD histogram continues to expand below the zero line, indicating persistent downward momentum. Moreover, the trading volume during each rebound is shrinking, and the resistance is weak. Intraday, 156 is a key bullish pivot point; if it cannot break through with strong volume, it may test the support at 152, or even challenge the strong support zone at 148. Investors should avoid aggressive positioning until a strong long lower shadow or bullish engulfing pattern appears.
6.1 Afternoon Thoughts: After a significant weekly bullish candle, this is the first pullback, be aware of the potential for a deep adjustment following a sharp rise. Daily moving averages have deviated too much, entering a consolidation phase, with the strength of the K-line increasing, continuously testing support, and the chances of a downward breakout are increasing. Key points with a focus on high K-line: Bitcoin short target at 105,500 - 106,000 with a target of 103,000, if broken look at 101,500, with a defensive level above 106,500. Ethereum at 2,580 - 2,620 K-line, watch 2,480, if broken look at 2,420, with a defensive level above 2,650. Afternoon observation focus: confirmation of 4-hour RSI divergence, if BTC effectively falls below 104,000 during the European session, it may accelerate the pullback. Strictly defend and control positions.
The pancake is currently in a weak fluctuation, with a bottoming signal appearing on the 4-hour level but not yet confirmed. Key levels: resistance at 1048.00 above, support at 102k below.
Key points: 104.400-104.600 light position, stop loss at 105.100, target at 103k; a breakthrough at 105k could lead to a short position targeting 106.800.
Pay attention to the 2550 resistance, 2530-50 can be tested, stop loss at 2580, target at 2420. Be cautious with position control and beware of evening data fluctuations.
The secondary wife is currently near 2540. After the main force took profits from the high point of 2790, it has shown a 📉 trend. It is now operating below the short and medium-term moving averages. Although there is a rebound, the momentum is weak, and it has not broken through the key moving average resistance. The short-term momentum has weakened, but the rebound space is limited. In the medium term, it is still in a downward arrangement, and it needs to break through resistance levels like MA30 to reverse the trend. If you already hold the position, you can continue to hold it; as long as it does not break MA30, maintain the position. For opening a long position, it is recommended to wait for a moving average golden cross or a breakthrough above 2600. Short-term strategy: hold the position at 2450, with a defense at 2400, stop loss at 30 points, target 2550; for the other position at 2600, defense at 2650, stop loss at 30 points, targeting 2500.