June 3 Bitcoin (BTC) Ethereum (ETH) market analysis [Is it starting to reverse?]

1, Bitcoin (Image 1, Image 2)
Many people are curious why Bitcoin stopped bleeding at the position of 103000. Is it really the Fibonacci 23.6? In fact, from the daily chart's larger structure, we can see that 103000 is merely the location of the fair price zone poc ahead, nothing more. This kind of position is the easiest to trigger liquidity. The lc will definitely control the price to move towards such places to trigger everyone's liquidity and stimulate activity. Therefore, we can easily deduce a fair range during the downward process, with 106000 as the upper limit and 101000 as the lower limit, thus absorbing liquidity. The lower limit should be accurately at the position of 101500!

Yesterday we said that the pie will continue to test 103000 on the downside if it does not stand at 106000 at a time, which has been effectively verified, so we still need to pay attention to the 106500 vicinity during the day, which is the more critical dividing line to regain the position of 108800 and 110000 for the continuation of the test. The pie as a whole is in a general trend of selling, and we need to recognize this. The overall retracement idea remains unchanged and is seen around 101500. And then the intention of the LC that I said yesterday can also be seen.

Resistance: 106000, 106800, 110000
Support: 103000, 101500

2. Two pancakes (Figure 3)
The second coin has been consistently stronger than the first coin, regardless of whether it’s a pullback or a rebound. However, we need to remember that as long as the overall trend hasn’t reversed, we can consider it as lc hitting the sell stop-loss. For the second coin, pay attention to the 2650 level during the day. If it cannot be contested here, there will also be a pullback demand to 2580 and 2400.

Pressure: 2650;
Support: 2580, 2475;