Crypto market analysis 6.07

The risk of Asian exchange market crash is high, wait until night

According to CME "Fed Watch": The probability of the Fed keeping interest rates unchanged in June is 97.6%, and the probability of a 25 basis point rate cut is 2.4%. The probability of the Fed keeping interest rates unchanged by August is 78.5%, the probability of a cumulative rate cut of 25 basis points is 21.1%, and the probability of a cumulative rate cut of 50 basis points is 0.5%.

The intraday divergence between long and short positions of Bitcoin is relatively large, and the background derivatives push the price position to around 70100, so the competition for thousands of points around 71000 will be particularly obvious. The stable bulls at the daily level can wait for the decline to around 70100 to see the situation. Friday's Asian session is destined to not make it particularly easy for bulls, and the main target of bulls is the defense around 69800.

The unemployment rate will be announced at 8:30 p.m., with a previous value of 3.9% and a forecast value of 3.9%. If the unemployment rate exceeds expectations and is higher than 3.9%, the market will directly usher in a wave of news pull-ups due to the expectation of a rate cut. As long as it is not lower than 3.9%, the market is still in an upward trend.

Daily level market

- ​​The daily level is a breakthrough upward trend, with the upper middle rail pressure near 71000 and the upper rail pressure near 71300. The most important pressure is the previous high near 71900, and the bottom support is near 70500. The daily level market is narrowly converging and changing.

4-hour level market

The 4-hour level is upward, with the upper key pressure near 71700-71400, and the lower large support position near 70100.

Intraday level analysis

-----Bitcoin is mainly biased towards gains during the day, but Bitcoin is changing at the hourly level, with the bottom near 70500. If it does not fall below, it will continue to see a slow increase and continue to rush to the previous high position. The bottom falls below the support level and is viewed step by step, which are around 70100 and 69800 respectively.

The Asian market during the day is destined to be unpleasant. It is recommended not to move Bitcoin during the day, or consider entering the long position around 70100. The position around 70500 is also good, but there are risks after all. The exchanges in the Asian market are ruthless. It is also possible to consider ambush the cottage after the unemployment rate comes out at night.

There are too many positive factors recently. I don’t know how to start. At least the trend is still there. Many tokens will rise. Ambush first and then see the situation. Safety first.

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