1. Bitcoin ETF resumes its winning streak, BTC ETF continues to see net inflows, and market confidence is restored;

BlackRock IBIT’s market value exceeds US$20 billion, with holdings exceeding 290,000 bitcoins;

The United States will release the May non-farm data at 20:30 on June 7 (Friday), and the interest rate decision will be made on June 12. Last week, the U.S. core PCE index for April showed that inflation slowed down. I predict that the non-farm data will continue to slow down in line with market expectations. The market believes that once the Federal Reserve’s monetary policy enters a rate cut cycle, it will be conducive to the strengthening of BTC prices.

2. The rise of BTC has driven the #BitcoinEcosystem, which included ORDI, CKB, STX, etc., but others have not succeeded;

3. BNB has been rising in a straight line. Today’s increase has exceeded 15%, successfully breaking through the historical high. Short-term positions can be taken into profit!

4. Uniswap is suspected to have released important news, and it rose by more than 20% yesterday, becoming the product with the largest increase in the Ethereum series.

BTC

There is a probability that the price will continue to hunt for liquidity at the high point of 70700. The market has indeed moved out as expected! Currently observing the price performance after the hunt, if it falls back to 70400-70000 without breaking, it will continue to move upward! If it falls below, pay attention to the buying opportunities in the H1 demand area of ​​68900-68500.

ETH

BTC is sucking blood, and ETH has not yet plundered liquidity in the upper 3840-3888 demand zone, waiting for the price performance after the hunt is completed. If rejected, pay attention to the buying opportunities in the lower H4 demand zone.