Analysis of the latest market trends and trading strategies at noon on June 2nd - [Bai Qi - Guan Yu Yu]

$BTC $ETH
This article is exclusively analyzed by Bai Qi and Guan Yu Yu, representing the exclusive viewpoints of Bai Qi and Guan Yu Yu. 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 viewpoints and suggestions are not real-time and are for reference only. Please bear the risks and indicate the source when reposting. Please control your positions reasonably and avoid heavy or full positions.
BTC
Recent attention: The range above 70850-70450, the range below 67100-66600. Pay attention to the high point 69000 in the middle, whether it can achieve effective suppression.
Structural form: The red price channel line in the figure is not broken, and it indicates a downward trend. The white price line range is a resistance and support range.
Attention: The price approaching the upper red price channel line in the chart indicates an acceleration trend. Also, there will be an acceleration trend after breaking through the support of the lower white price line interval.
Trading Strategy:
Long order: If the 67100--66600 range is retested without breaking below, go long when a bottom pattern signal is given on the 5-minute or 30-minute chart.
short order: Short if the rebound near the 69000 point does not break through, and short if a top formation signal appears in 5 minutes or 30 minutes.
Short order: If the rebound in the 70850-70450 range fails to break through, short it. Short it if there is a top formation signal on the 5-minute or 30-minute chart.
Key focus: The red price channel line in the upper part of the chart broke, giving an accelerated market trend and touching the range of 70850-70450.
ETH
Recent focus: the range of 3820-3860 above, the range of 3720-3700 below.
Structure form: the red oblique line in the picture is broken, and a bottom form is formed. The converging triangular structure of the yellow line in the picture has also been broken.
Attention: Whether the converging triangular structure of the yellow line in the figure can break out of the W-shaped bottom and effectively break through the neckline position.
Trading strategy:
Long order: If the entity does not fall below the 3720-3700 range on a 5-minute or 30-minute chart, go long when a bottom pattern signal appears.
Short order: Shorting if the rebound in the range of 3820-3860 fails to break through. Shorting when a top formation signal appears on the 5-minute or 30-minute chart.
Pay attention to: note the structural changes, the acceleration market after the break of the 2-hour slope line.
Whether the support of the yellow slope line 1 is effective, the accelerated market given after the breakthrough, and the retracement to the yellow slope line 2.
White line 1, whether the 3800 support is valid, and the accelerated market given after the breakthrough.
The analysis strategy is time-sensitive, and the real-time guidance should prevail!
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