6.1 Ethereum early morning market analysis and operation ideas

There is nothing much to repeat about the short-term market in the early morning today. After Ethereum rose to above 3850 today, the bears attacked again, and the price of Ethereum returned to around 3750 and continued to fluctuate sideways. In fact, from the perspective of review, Ethereum has seen a door-drawing market during the day. According to the large-scale trend, the short-term coin price is still in the box structure to make a "high-sell and low-buy" box-shaped oscillation adjustment. So here we still follow the low-multiple view of the large-scale trend line, and we will not repeat it again technically. For the current short-term, as long as Ethereum cannot effectively break through or the decline is not as strong as the two supports below (one is 3613-3527, the other is 3349-3271), the subsequent coin price will continue to make a second bullish volume in the trend, and the upper high point pressure price is still referenced near the 4021-4100 area.

Tomorrow is the closing time of the monthly market. Please note that there may be extreme market conditions at 8 o'clock in the morning (similar to the appearance of large-scale pin-points or short-term gate-drawing market conditions). Judging by the current trend of the monthly line, next month should still be a strong month. The monthly lines of Bitcoin and Ethereum are both very good, so there will be no big problems for Ethereum to stand above 4k next month. Bitcoin should be heading for the 7W level again. However, please note that the closing of the monthly line may not be directly pulled up. There may be a sell-off to lure the market into a short position, and then the long position will be increased again (this is a common harvesting method used by the banker). You still need to pay attention to the risks and don't be too aggressive. #BTC #ETH $ETH