Yesterday's market review

Yesterday's BTC (Bitcoin) trend did not continue the previous day's upward momentum. There was a pullback in the evening, and the price fell back to around 70,000. A strong resistance level was formed in the area of ​​72,000 above, and the market seemed to be consolidating at this position to accumulate strength. From the daily level, the upward signal is still obvious, indicating that after sufficient adjustment, it is expected to hit the high point again. In particular, the lower shadow line shown on the 4-hour chart is long, showing strong support below. The short-term target can focus on the previous high of 73,500. If it breaks through, it is expected to move further to the 78,000-80,000 range, opening a new growth cycle.

ETH (Ethereum) also had a slight pullback yesterday, and is currently facing strong resistance in the 3850-3900 range, but the overall trend remains healthy. During the day, we should focus on the breakthrough of this range. Once successful, the market outlook is expected to show explosive growth, and the target price can be seen in the 4100-4200 range. In June, ETH is expected to become the market leader, and the upside is worth looking forward to.

Today's market analysis

BTC shows a healthy trend at both the 1-hour and 4-hour levels, and the daily level also maintains a healthy trend. Bullish signals continue to appear at the daily level, indicating that BTC is likely to continue to rise today. The upper resistance level is in the 72000-72500 range, and the lower support level is in the 69500-70000 range. The market seems to be preparing for subsequent explosive growth.

ETH's indicators at the 1-hour and 4-hour levels are healthy, and the daily level has also returned to a healthy state. With the landing of good news, ETH is expected to become the dominant force in the market in June. The intraday market still needs to be sorted out to accumulate strength, focusing on the breakthrough and stabilization of the 3850-3900 range. The lower support level is in the 3700-3730 range, and the upper resistance level is in the 3850-3950 range. Overall, ETH is more likely to rise today. Once it breaks through the key resistance level, it will lay a solid foundation for subsequent rises.

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