Zhou Yanling: Latest Trend Prediction and Trading Strategy for Bitcoin and Ethereum on June 2
The risk of a global economic recession is increasing, geopolitical tensions are driving a rise in safe-haven assets, tariff issues are escalating, and the U.S. debt crisis is causing market distrust in U.S. assets. In this context, cryptocurrencies are being sought after by the market. This Wednesday and Thursday, the Bank of Canada and the European Central Bank will announce their interest rate decisions. The Bank of Canada may hold steady, while the European Central Bank may cut rates by 25 basis points. In terms of data, this week we should pay attention to the final PMI values for manufacturing and services in France, Germany, the Eurozone, the UK, and the U.S. for May, as well as the U.S. ADP and non-farm employment figures for May, the JOLTs job openings for April, and the factory orders month-on-month performance for April. Given the potential and unknown risks, it is essential to implement risk control measures this week, prioritizing stability.
From a market perspective, the daily chart shows that the price has been fluctuating around 105,000 recently, with a long upper shadow formed on June 1, indicating strong selling pressure above. The hourly chart shows a short-term rebound followed by a pullback, with the current closing price near the previous high area but failing to break through. The MACD indicator on the hourly chart is below the zero line, with the fast and slow lines gradually converging, and the momentum bars shrinking, indicating a balance between bullish and bearish forces. The RSI on the hourly chart is at 55.42, within the neutral range, not entering overbought or oversold territory. The EMA7 on the hourly chart is slightly upward, still at a distance from EMA30 and EMA120, indicating a weak overall trend; however, EMA7 provides short-term support for the price. For intraday short-term trading, focus on the strength of the resistance level at 107,000 above and the support level at 103,000 below to see if it holds.
Zhou Yanling's June 2 Bitcoin Trading Strategy:
Buy at 104,000-104,700, stop loss below 103,000, target 106,000-106,800
Sell at 107,000-106,200, stop loss above 108,000, target 104,500-103,700
Zhou Yanling's June 2 Ethereum Trading Strategy:
Sell at 2,600-2,560, stop loss above 2,650, target 2,460-2,420, continue to look for a downward move near 2,370
Buy at 2,380-2,420, stop loss below 2,340, target 2,510-2,550
[The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.]
This content is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently focusing on analysis and guidance for BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot trading. For more real-time community guidance, consultation on position liquidation, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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