June 7 Bitcoin (BTC) Ethereum (ETH) market analysis [pullback not over]

【Flatbread】
🔹 The weekly line of the pie is simpler, yesterday's dividing line is subject to the slash line in the figure, and two days ago I said in the article that around 103000 is the poc of the fair area ahead, which can be regarded as the strength and weakness line, then last night has given me the retracement level of 101000, so the accurate fair area is probably the range of 106000-101000, with 103500 as the center of the strength and weakness line, as long as the pie does not leak 101000, it will not collapse the whole market.
🔹Last night we also mentioned internally that 103500 has stabilized, so we can consider that it will test the position of 105300 once. As expected, Bitcoin tested the position of 105300 and then started to move downwards. During the day, we still need to focus on the boundary line of 105100 and the strong and weak line of 103500.
🔹Resistance: 105100, 106000
🔹Support: 103500, 101500
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【Two Cakes】
🔹The weekly trend of Ethereum is now particularly clear. Since breaking the boundary line on the 31st, Ethereum has entered a tightening trend. However, due to various news factors, Ethereum has remained independent in the market and has been the strong side. Before the night before last, Ethereum tested the previous boundary line multiple times, which is a strong signal. The sudden drop the night before last was a common tactic by LC. After hitting new highs three times without breaking, the downward speed will be particularly fast, aiming to prevent you from having the response time to buy at 2600. We then saw a significant drop in trading volume accompanying the downward movement, and a large amount of liquidity for buying was wiped out. Moreover, I had already warned a month ago that Ethereum would definitely go back to the 2400-2350 range. It's a pullback level. As long as Bitcoin doesn't crash, it is highly unlikely to test the 2200 pullback level, considering the strength of Ethereum in the past two days.
🔹Next, we only need to focus on the 2480 boundary. If 2480 breaks and stabilizes, it will turn into a small trend (not a large trend, please note) to test the two positions of 2550 and 2680. Otherwise, it will continue to build a bottom in the range of 2400-2350. Of course, the prerequisite is that Bitcoin must not fall below 101000!
🔹Resistance: 2530, 2580;
🔹Support: 2460, 2405, 2350;