Crypto market analysis 6.08 The news has too much impact, wait for repair over the weekend
Morgan Stanley will delay the timeline of the first interest rate cut to November. The overall sentiment has been severely frustrated. The probability of no cut in June is still very high. Because of the interest rate cuts in several other regions, everyone has raised the Fed's interest rate cut expectations, but this round of news has directly led to another setback in market confidence. It is expected that the market will be repaired after a period of time over the weekend. In the long run, it will slowly give opportunities to fall again.
The real influence on the market in this round has become ETF. Pay attention to the inflow and outflow of ETF at any time, and slowly push up the price, but this round of decline has not caused any major impact. Spot continues to buy and absorb funds. It is expected that the long and short will continue to play on the 14th. Wait at ease at this time.
Daily level market
- The daily level is a breakthrough upward trend. The 68500 position is the overall upward channel support. Pay attention to the defense of this position. The upper pressure is shifted to around 70300, the bottom support is around 68500, and the middle track strength and weakness line is around 69500.
4-hour level market
The trend reversed after the 4-hour level spike. The 71200 level above is a heavy pressure. The 70000 level is regarded as the middle track pressure. If the 4-hour level continues to fall, it may find support around 66800-66000. There is no rush to look at it step by step.
