The trend in recent periods is becoming more and more standard.
Before the market breaks, the top resistance is clearly visible.
During yesterday's live broadcast, the price directly rushed to 6W9. While reminding everyone to reduce their long positions, pay attention to whether the 69.5k of the previous day is touched. If it cannot stabilize, go long and go short directly. The target continues to focus on the 6W6 we have been emphasizing this week. The market needs a round of deep retracement.
Ethereum also reached around 3860, and the subsequent retracement was as low as 3725. The impact on Friday seems to be relatively small. As of June, it has not yet broken out of the ideal position. Multiple shocks and pulls only show how intense the next outbreak will be.
So at this stage, everyone’s focus must be around mid-June:
Non-agricultural on the 7th
CPI on the 12th
Interest rate decision on the 13th
Etc., are all the highlights of June, among which the interest rate decision is particularly important. Bao’s press conference in May did not accurately mention when the interest rate cut will start, but this month is likely to show the market’s views on the second half of the year, and after this, the first half of the year is also ready to end.
I won’t give too many operations on these two days at the end of Saturday.
The suggestion is still to focus on the retracement. If a friend took a long order yesterday, keep the opportunity to cover the position and continue to maintain it. There are generally not too many opportunities for adjustment on weekends. I will record a video dynamic update in the afternoon. You can refer to the details. I wish you all a happy weekend!