Analysis of the market on the 5th of June: For the short term, Bitcoin is expected to experience a pullback at the 1-hour level. After the pullback, there should be at least a third 1-hour rebound.

CN
1 year ago

Daily Sharing

The rebound of the 1-hour chart of Bitcoin extended to 65500. There may be a 1-hour level pullback here. If the pullback occurs, pay attention to the vicinity of 62000. There will be a third 1-hour level rebound to follow, so the overall 4-hour level rebound is not complete.

BTC

Due to the rapid changes in the market, the article can only make predictions about the market changes at the time of publication. Short-term players should pay attention to the latest market changes and use the article as a reference only.

1H:

At the 1-hour level, the rebound of Bitcoin has extended to around 65500, not reaching the ideal level of around 67000, showing slightly weaker momentum. There should be a 1-hour level pullback, with attention to around 62000. If it stays above 61500, the rebound will be relatively strong; if it falls below, the rebound will be relatively weak. Regarding the overall 4-hour level rebound, it is likely that Bitcoin will consolidate around 64000 at the 1-hour level, and then make another move. It is very likely that Bitcoin will form a 5-wave 1-hour structure.

15M:

At the 15-minute level, it is currently running the first 15-minute decline within the 1-hour level pullback, with attention to around 63000. There will be a second 15-minute rebound and a third 15-minute decline to follow. Pay attention to around 62000 for the third decline.

ETH

The rebound of Ethereum at the 1-hour level has reached around 3225, slightly below the expected 3250. Currently, it appears to be the second 1-hour level pullback, expected to run until tomorrow night. If the 1-hour level pullback can be maintained above 3020, there is hope for a third 1-hour level rebound towards 3300.

Trend Direction

Weekly Level: Upward direction, currently a continuation of the weekly rebound from 15476. Pay attention to the subsequent daily situation for when it will end.

Daily Level: Upward direction, about to see a new upward movement at the daily level, with a target of 85000.

4-hour Level: Upward direction, pulled back into the center, looking for a new 4-hour level upward movement.

1-hour Level: Downward direction, likely to have a 1-hour level pullback, with attention to around 62000.

15-minute Level: Downward direction, first 15-minute decline with attention to around 63000.

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The article is time-sensitive, so be aware of the risks. The above is only personal advice and is for reference only!

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