CRYPTO DAILY 01 JUNE 2024
The basic selling and buying forces of the entire market are in balance.
So how to enter now?
1. Holder
You almost don't need to pay much attention to the weekend market, it will be difficult to explode immediately.
2. Traders
You clearly understand the general market, but the trend is unclear. So please allocate no more than 20% of your trading capital at this time.
Specifically :
- Bitcoin is fluctuating in the past 3 days at the price range of 66.5k to 69k.
It is likely that the market will further compress at around 67k to 68k.
Those are 2 trading zones in the price channel. It is also the entry and exit point for goods
- Altcoins will have fluctuations in small-cap altcoins, which are easy to price.
Please note that we will clearly see the selling or buying trend in these altcoins. But advice:
Find yourself a profit-taking point early, because bitcoin is nearing the end of its compression period. And it will create an explosion that can cause you to go in the wrong direction