[Market Research Report on June 6th - The market is getting boring, the cottage industry is jumping sideways, the strong will always be strong, BTC short-term retracement confirmed, ETH range unchanged, the focus of the future market layout]
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1. $BTC
First look at Figure 1, is it clear after reviewing 2B?
This is why 5 has to rebound at 6.85. The structure appears and it is done, so this is what we need to learn. Isn’t it that if it rises, you can chase it, and if it falls, you can go short. Is it bullish or bearish? I said that the big trend is bullish, and the small level is expected to be a callback, so how to deal with it? How many times can the big and small cycle trends be synchronized?
The same structure is embedded. Let's put it into the market from 6.66 to 7.2. A new structural position has appeared. Break through and step back. Step back to the key position for support.
During the day, you can draw a Fibonacci wave from 6.66 to 7.18 to determine the position and key support pressure.
Key support 6.88 6.78
Fibonacci's 0.33 0.66 These are the places where we divide the position. There are three positions of high, medium and low.
All have support effects. If it falls below the high position, it depends on the stage of stepping back. Rebound pressure is empty and return to the middle position support is more.
This is the position play method.
In terms of the cycle, the view remains unchanged. Just remember the entry position above and below.
2. $ETH
I won't talk about the play method and ideas of Ethereum. It's meaningless. It's the same every day.
Mainly talk about the view of Ethereum later.
From the perspective of Ethereum exchange rate, the downward channel has been suppressed for more than a year. In the future, Ethereum will really rise and become strong when it walks out of the structure here.
But it does not affect our layout. We can't ignore it because it is weak.
Ether Ethereum's second layer and Ethereum derivatives are the focus of the future.
No matter what, Ethereum cannot be avoided, no matter how powerful its status is.
3. Copycats
Be sure to find coins with bottom patterns, and remember not to chase high prices.
Fear of heights is a miserable life, but you have not lost money. The 28 rule of the financial market means that if you don't lose money, you will outperform 90% of people.
For the coins you have laid out, do what you should do when you reach the position.
Since you know it is a bull market, are you afraid of making money?