2024.06.04 Tuesday

Can the oscillation continue with the bulls?

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1. Daily chart: After testing the 60,000 support level, the price has been oscillating above it. If the subsequent pullback does not break this level, the upward trend will continue.

2. 1-hour chart: After a short-term breakthrough above the 66,000 level, there has been some retracement. If the subsequent pullback does not break this support, there will still be an upward trend.

II. Ethereum

1. Daily chart: After oscillating around the 3,100 level, the price has risen again. If the subsequent pullback does not break this key level, the upward trend will continue.

2. 1-hour chart: After a short-term breakthrough above the 3,650 level, there has been some adjustment. If the subsequent pullback does not break this support, there will still be an upward trend.

2. 1-hour chart: After a short-term breakthrough above the 3,650 level, there has been some adjustment. If the subsequent pullback does not break this support, there will still be an upward trend.

I. Bitcoin

1. Yesterday's view:

Summary: After a short-term breakthrough above the 66,000 level, there has been some retracement. If the subsequent pullback does not break this support, there will still be an upward trend. Resistance above is at 70,700 and 73,440; if it breaks below, a retracement trend will start, with support at 63,400 and 60,600.

2. Future trend:

After a retracement without breaking the 66,000 level, there has been a rebound, reaching a high of 70,372.

II. Ethereum

1. Yesterday's view:

Summary: After a short-term breakthrough above the 3,650 level, there has been some adjustment. If the subsequent pullback does not break this support, there will still be an upward trend. Resistance above is at 3,950 and 4,110; if it breaks below, a retracement trend will start, with support at 3,460 and 3,310.

2. Future trend:

After a retracement without breaking the 3,650 level, there has been an oscillation, reaching a high of 3,854.

I. Bitcoin

Summary: After a short-term breakthrough above the 66,000 level, there has been some retracement. If the subsequent pullback does not break this support, there will still be an upward trend. Resistance above is at 70,700 and 73,440; if it breaks below, a retracement trend will start, with support 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 pullback does not break this support, there will still be an upward trend. Resistance above is at 3,950 and 4,110; if it breaks below, a retracement trend will start, with support at 3,460 and 3,310. 

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