Crypto market analysis 6.1 May ends, new funds will enter the market in June

PCE had another positive event after April. The strongest inflation index reached its lowest level in three years. After the data was released, the three major U.S. stock index futures rose in the short term, and U.S. bond yields dropped significantly. Pricing in the interest rate swap market remains stable, with at least one rate cut by the Federal Reserve expected in 2024.

However, the Federal Reserve is still lowering everyone's expectations. The probability of suspending interest rates in June is 100%. The market will still fluctuate at a large level without the arrival of funds. Just slowly eat up chips within this fluctuating timeline. .

Daily level market

- The daily level is still a weak downward trend. The daily large level has been fluctuating. After the capital inflow, it slowly needs to build a bottom. At the bottom, just focus on the large levels 66600, 66200 and 65200.

4 hours level market

The 4-hour level is repaired in the short term and is still volatile. The upper pressure is around 69,000, the lower support is around 66,600, and the latest pressure is around 68,000.

Intraday level analysis

-----Everything is normal with Bitcoin. The bottom appears quickly after the chips are settled on Friday. Wait for the repair market and the push of derivatives chips after the weekend over the weekend. If there is no funds coming in, just focus on the derivatives chips.

Bitcoin has seen a bottom in the short term, with the recent support around 67200, the key support at the bottom around 66600, and the upper pressure around 68000. It is not recommended to bet on the big pie, as the weekend space is limited.

Bitcoin has confirmed the bottom in two days and profit-taking has left the market in May. Then in June, the copycats will continue to watch for funds to enter the market. Buy some chips, Ah Chuang!

The market has been changing rapidly recently. If you want to adjust your positions or don't understand the trend, you are welcome to communicate and learn. #BTC走势分析 $BTC