Crypto market analysis 6.06

Today, there are a lot of positives

In essence, there is not much off-market capital entering Bitcoin. Most of the funds entering the market now are ETF spot inflows, including most derivatives. The market driven by derivatives may be liquidated at any time, and the focus is on the inflow of physical funds.

In the short term, including the cottage, the overall trend of Bitcoin has been upward. It is expected that the timeline may change next week. The short-term correction is still a bullish market trend.

The overall market continues to look for opportunities in the cottage to eat up the short-term rotation market. Most TOKENs have no increase or are not close to the end. There are still many opportunities. Long-term players only need to invest regularly, and short-term players should pay attention to profit and walk slowly.

NVIDIA's total market value exceeds Apple, second only to Microsoft. NVIDIA's intraday increase is nearly 5%, and its total market value has reached 3.01 trillion US dollars, exceeding Apple's 3 trillion US dollars. Similar AI targets will have a new round of ambush opportunities.

Daily level market

- ​​Daily level is a breakthrough upward trend, with a big pressure of 72000 above. After the breakthrough, it will be around 74000-75000, and the support will be around 70300.

4-hour level market

4-hour level upward trend, the morning pin is near the strong support position of 70800, and it is also a point to enter the market after stepping back to this position. The upper pressure is around 72000. After the breakthrough, it will slowly look at the previous high, and the extreme support position is around 70300.

Intraday level analysis

-----Bitcoin is mainly biased towards gains during the day. Just pay attention to whether the support near 70800 is effective. It is still not recommended to focus on BTC. Now most of the market is driven by derivatives. Either pull the market in the late trading, and do a good job of long and short positions at the support and pressure positions at the Asian session time, or buy spot. Spot is a reasonable buying range.

Bitcoin intraday support is around 70800--70600. If it falls below the pin, look at the daily level support and the last key position around 69700. Today, including tomorrow, Friday, are all valid.

There are so many positive news recently that I don’t know where to start. At least the trend is still there, and many tokens are going to rise. Let’s wait and see how things go. Safety comes first.

The market has changed very quickly recently. If you want to adjust your positions or don’t understand the trend, you are welcome to communicate and learn.