‼️ June 6th [BTC Market Analysis] + Today's Crypto News Collection 📉📈 ‼️
The current market is experiencing emotional fluctuations in the short term, primarily due to the dispute between Trump and Musk on social media, which has led to panic among some investors. However, it is important to note that this event has not fundamentally changed the market's fundamentals, so such overreactions are often quickly corrected by the market.
From a technical perspective:
📍 Short-term resistance level: $103,000
If the price breaks through and stabilizes at this level, it could further target the $105,000 area for resistance.
📍 Strategy suggestion:
The current market is in a rebound and repair phase. Short positions can be considered in the range of $103,000 to $105,000, and it is essential to set stop-loss orders to control risk. If the rebound cannot effectively break through the above resistance, the trend remains weak.
📍 Support expectations:
Overall, it is still not inclined to break below $100,000 in the short term. If it unexpectedly breaks down and falls below this level, consider gradually building positions near $95,000, with an initial entry controlled at 10% of the position, and adjust dynamically based on subsequent market sentiment and structure.
⚠️ The above analysis is for reference only; please formulate strategies based on your own risk tolerance. Additionally, consider the BTC correlation effect when planning positions in mainstream coins and altcoins.
📊 Market data brief:
• $980 million liquidated across the network in the past 24 hours
• Total contract positions across the network: $142.5 billion
• Total trading volume across the network: $349.2 billion
🧨 Cherish life, stay away from heavy contract positions!
📰 Today's Top 10 Crypto Events:
1️⃣ Ethereum's weekly active addresses hit a record high
2️⃣ Hong Kong stock stablecoin concept stocks corrected, Everbright Holdings fell over 8%
3️⃣ The number of BTC futures large holders increased by 36% this year, reaching a new high
4️⃣ Uber CEO: Considering using stablecoin payments to reduce costs
5️⃣ US stocks closed with all three major indices down, Tesla plummeted 14.26%
6️⃣ Trump: Communication with Musk is progressing smoothly, White House aides have arranged a call
7️⃣ Pump.fun calls out to Musk: Launch a coin to compete with $TRUMP?
8️⃣ US-China leaders' call: Will effectively use the economic and trade consultation mechanism to strive for a win-win
9️⃣ Curve founder: DeFi security faces threats from "hired hackers" cross-platform attacks
🔟 Yesterday's ETF flow:
BTC spot ETF net outflow: $278 million
ETH spot ETF net inflow: $1.125 million
📌 Short-term volatility is intensifying, long-term opportunities are brewing, stay calm and respond flexibly!
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