[Views on the market on the evening of June 4]

The May manufacturing PMI index released by the United States last night immediately extinguished the fantasy of a strong American economy. The expectation of interest rate cuts has greatly increased. CME expects that the probability of a rate cut in September has increased to 62%. Bitcoin directly hit the 70,000 mark. Subsequently, due to a malfunction in the New York Stock Exchange, many stocks including Buffett's Berkshire Hathaway plummeted or even returned to zero, causing panic in the currency circle. Bitcoin fell from 70,288 to 68,500 in a short period of time. Bitcoin spot ETF had a net inflow of more than 105 million US dollars yesterday. At present, Bitcoin is still in a period of accumulation and consolidation. The trend is still healthy and will re-enter the upward trend. The general direction has not changed. Let's look forward to the next new high together. Just pay a little attention to the big non-agricultural data at 20:30 on Friday night.

Bitcoin 4h support: 68355 pressure: 69800

Yita 4h support: 3732 pressure: 3847

Hot news during the day:

🪅ProShares will launch two Ethereum leveraged ETFs

🪅DWF LABS will purchase $12 million worth of FLOKI tokens

🪅Astar Network initiated a proposal to destroy 350 million ASTR tokens

🪅The probability of the Federal Reserve keeping interest rates unchanged in June is 99.9%