Zhou Yanling: Latest Trend Prediction and Trading Strategy for Bitcoin and Ethereum on June 3
The market has been undergoing wide-ranging consolidation with a cycle of ups and downs these days, perfectly touching the lower boundary of the upward channel. It has repeatedly stabilized at the bottom and then surged, or pierced the 10-day moving average before rising. Based on the current development, as long as the support level of 101,000 is maintained, the medium-term trend remains bullish. After all, a major bull market is not easily reversed. However, to be honest, Yanling has been more inclined to take a bearish stance recently. It would be better if this wave of decline could be more thorough. If it breaks below the 100,000 mark, I will not hesitate to follow the trend and go short. Unfortunately, the current price is fluctuating in an uncertain position, so I can only wait for the right opportunity.
Looking at the technical indicators in detail, Bitcoin has shown a significant pullback after oscillating at high levels on the daily chart, forming a large bearish candle (June 2), indicating strong bearish momentum. On the hourly chart, the price has been declining continuously with some rebounds, but overall it remains in a downward trend, failing to break through key resistance in the short term. The hourly MACD histogram continues to be negative and is expanding, with the fast and slow lines crossing downwards, indicating weak momentum; the daily MACD also shows a death cross, with bears in control. The hourly RSI is around 46, not in the oversold zone but has retreated from high levels, indicating cautious market sentiment; the daily RSI is close to 50, showing intensified bullish-bearish competition. The hourly EMA7 < EMA30 < EMA120 indicates a bearish arrangement in the moving average system, with significant short-term pressure; the daily EMA7 and EMA30 crossing downwards further confirms the downward trend.
Zhou Yanling's June 3 Bitcoin Trading Strategy:
Short at 106,000-105,200, stop loss above 107,000, target 104,000-103,200, continue to look for a decline towards around 102,000.
Long at 102,000-102,800, stop loss below 101,000, target 104,000-104,800.
Zhou Yanling's June 3 Ethereum Trading Strategy:
Short at 2,590-2,550, stop loss above 2,640, target around 2,470, continue to look for a decline towards around 2,400.
Long at 2,400-2,440, stop loss below 2,350, target 2,510-2,550.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This content is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. For more real-time community guidance, consultation on position liquidation, and learning trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
