Baiqi & Guanyu: Bitcoin and Ethereum's latest trend predictions, analysis, and operational strategies for the afternoon of June 6th.

This article is exclusively analyzed by Baiqi&Guanyuyu, representing the exclusive viewpoints of Baiqi&Guanyuyu. They have in-depth research and practical experience in BTC, ETH, and various altcoins. Due to the timing of the article's release, the following opinions and suggestions are not real-time and are for reference only. Please bear the risk and indicate the source when reprinting. Control your positions reasonably, and avoid heavy or full position operations.

—— BTC ——

BTC showed a range of 70850-70450 yesterday, and then oscillated upward. It was blocked near 71850 at its highest point and fell back. Currently, the coin price is still sideways around 71300. The 2-hour level market is sideways after rising, but the BTC bulls are still very strong.
Recent focus: the range of 72350-74100 above, the range of 68983-69294 below. It is still necessary to pay attention to whether the range of 70850-70450 in the middle can provide effective support.
Structure form: The red area at the bottom of the chart has shown the bottom form, and the yellow line 1 represents the upward slope, accelerating upward after the pullback to meet the yellow slope line 2.
Note: Pay attention to whether the slope line 2 in the price retracement chart, represented by the yellow line, provides effective support. Also, pay attention to the accelerated market after breaking the support of the yellow slope line 2.
Long order: If the price retraces within the range of 70850-70450 without falling below, go long when a bottom formation signal is given on the 5-minute or 30-minute chart.
Short order: If the price retraces within the range of 69300-69000 without breaking below, go long when a bottom formation signal is given on the 5-minute or 30-minute chart.
Short order: If the rebound in the range of 72350-74100 fails to break through, short it. Short if there is a top formation signal on the 5-minute or 30-minute chart.
Focus on the acceleration of the yellow slope line 2 breaking and the pressure in the range of 72350-74100 above.

—— ETH ——

Recent focus: the range of 3870-3910 above, the range of 3700-3720 below. It is still necessary to pay attention to whether the range of 3820-3840 in the middle can provide effective support.
Pattern: After the appearance of the yellow slope line 1 in the chart, the K-line formed a bottom head and shoulders pattern. After the head and shoulders pattern in the chart broke out, it gave rise to the yellow slope line 2, and the yellow slope line 2 formed a converging triangle with the pressure zone above.
Note: Pay attention to whether the price retraces the yellow sloping line 2 and whether the yellow sloping line 2 provides effective support. Pay attention to the accelerating market after the triangle break and the retracement to the neckline level.
Trading Strategy:
Long order: If the range between 3800-3830 is tested and holds without breaking down, take a long position when a bottom formation signal appears on the 5-minute or 30-minute chart.
Short order: Short if the rebound in the range of 3870-3910 fails to break through, short if there is a top formation signal on the 5-minute or 30-minute chart.
Focus on whether the support of the yellow slope line 2 is effective, the accelerating market given after the convergence triangle breaks, and the pullback to the neckline near 3830.

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