2024.06.01 Saturday
Trend re-enters oscillation, how to determine the long and short in the future?
The US spot Bitcoin ETF increased its holdings by a total of 458 bitcoins on May 31
Extra: The strength of the big shots in the beautiful country is obvious to all
Franklin submits spot Ethereum ETF S-1 file and announces an annual fee of 0.19%
Extra: The second wave of people eating crabs, hurry up and grab it~
- Daily chart: After testing the 60,000 support level, the price has maintained oscillation above it. If the subsequent pullback does not break this level, it is still an upward trend.
- 1-hour chart: After a short-term breakthrough above the 66,000 level, there has been some retracement. If the subsequent retracement does not break this support, there is still a trend of continued upward movement.
II. Ethereum
Daily chart: After oscillating and testing the 3,100 level, the price has risen again. If the subsequent retracement does not break this key level, it is still an upward trend.
- 1-hour chart: After a short-term breakthrough above the 3,650 level, there has been some adjustment. If the subsequent retracement does not break this support, there is still a trend of continued upward movement.
I. Bitcoin
- Yesterday's view:
Summary: After a short-term breakthrough above the 66,000 level, there has been some retracement. If the subsequent retracement does not break this support, there is still a trend of continued upward movement. Resistance above is at 70,700 and 73,440; if it breaks below, it will initiate a retracement trend, with support below at 63,400 and 60,600.
- Future trend:
The future trend retraced without breaking the 66,000 level and rebounded again, reaching a low of 66,700.
II. Ethereum
- Yesterday's view:
Summary: After a short-term breakthrough above the 3,600 level, there has been some adjustment. If the subsequent retracement does not break this support, there is still a trend of continued upward movement. Resistance above is at 3,950 and 4,110; if it breaks below, it will initiate a retracement trend, with support below at 3,460 and 3,310.
- Future trend:
The future trend retraced without breaking the 3,600 level and maintained oscillation, reaching a low of 3,725.
I. Bitcoin
Summary: After a short-term breakthrough above the 66,000 level, there has been some retracement. If the subsequent retracement does not break this support, there is still a trend of continued upward movement. Resistance above is at 70,700 and 73,440; if it breaks below, it will initiate a retracement trend, with support below at 63,400 and 60,600.
II. Ethereum
Summary: After a short-term breakthrough above the 3,650 level, there has been some adjustment. If the subsequent retracement does not break this support, there is still a trend of continued upward movement. Resistance above is at 3,950 and 4,110; if it breaks below, it will initiate a retracement trend, with support below at 3,460 and 3,310.
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