Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends should learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Mr. Coin's Cryptocurrency Market Analysis Reference for June 1:

After Bitcoin retraced to the support level around 103,000, the sentiment has slightly warmed up, and the price has rebounded back above 1,045,000. The focus will be on the breakthrough sentiment at 106,000. If the rebound starts to lose strength and does not break through this resistance area, it will mean that a downward adjustment will begin again, and the market may break below the 103,000 level. The short-term market is rebounding and entering a consolidation phase.

On the 4-hour level, a long lower shadow has recently appeared, indicating strong support around 103,000. After three consecutive days of bearish daily candles, a bullish candle has emerged, but it has not broken through the previous high resistance level. MACD: The fast and slow lines on the 4-hour level have flattened after a death cross below the zero axis. The MACD histogram on the daily level continues to contract. The 4-hour RSI (14) has stabilized around 40, while the 1-hour RSI (14) has broken through the 50 neutral line and maintained around 55. The price has broken through the EMA7 (104,542) but is suppressed by the EMA30 (106,157), forming a short-term moving average convergence. Although a rebound has occurred, the subsequent supply is insufficient, and the trend has not stabilized upward. If the price cannot sustain a rebound and break through the previous high resistance, it is expected that the consolidation will continue for a while. For daily operations, maintain high short and low long positions.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily participants can receive free exit strategies.

Short-term Reference for Bitcoin on June 1:

Short position: Short in the range of 105,500-106,501, with a stop loss at 108,500 and a target below 104,500.

Long position: Pay attention to the breakout situation at 103,000. Lightly test long in the range of 102,800-101,500, with a stop loss at 100,800.

Short-term Reference for Ethereum on June 1:

Long position: Long in the range of 2,480-2,430, with a stop loss at 2,300.

Short position: Short in the range of 2,630-2,580, with a stop loss at 2,820 and a target below 2,550.

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set stop-loss and take-profit levels to secure your gains.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily participants can receive free exit strategies.

For more real-time trading strategies, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. to analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique perspective. There may be delays in sending articles, and risks are to be borne by the reader. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and keep striving. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!

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