2024.06.02 Sunday

Trend re-enters oscillation, how to determine the long and short positions in the future?

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Extra: Is this leaving early due to loneliness?

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1. Daily Chart: After testing the 60,000 support level, the price has maintained oscillation above it, and a future pullback without breaking this level is still an upward trend.

2. 1-hour Chart: After a short-term breakthrough of the 66,000 level, there has been some retracement, and if the pullback does not break this support, there is still an upward trend.

II. Ethereum

1. Daily Chart: After oscillating and testing the 3,100 level, the price has risen again, and a future pullback without breaking this key level is still an upward trend.

2. 1-hour Chart: After a short-term breakthrough of the 3,650 level, there has been some adjustment, and if the pullback does not break this support, there is still an upward trend.

I. Bitcoin

1. Yesterday's Viewpoint:

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

2. Future Trend:

The future trend retraced without breaking the 66,000 level, maintaining a sideways oscillation, reaching a high of 67,951.

II. Ethereum

1. Yesterday's Viewpoint:

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

2. Future Trend:

The future trend rebounded after retracing without breaking the 3,650 level, reaching a high of 3,841.

I. Bitcoin

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

II. Ethereum

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

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