When the time comes, the world works together; when fortune departs, heroes lose their freedom. June 5th.

CN
2 hours ago

This article is only a personal market opinion and does not constitute investment advice. Any gains or losses incurred as a result of this should be borne by the individual.

When the time comes, the world will work together; when the opportunity passes, heroes are not free. Many people do not believe in fate or luck. However, for those who read my articles on April 25th and May 18th, after seeing the later BTC analysis, I believe they must be quite moved now, as the analysis has already marked the trends and timings.

The public account mentioned the opportunity to short ZEC in the article on May 14, but that was stopped out. The left shoulder's head and shoulder top formation has created a larger composite head and shoulder top's left shoulder. Last night, when the ZEC price was around 530, a brief comment was also posted on the telegram subscription channel and X that a larger cycle head and shoulder top has formed. In less than 24 hours, it has already plummeted by 40%. All I can say is congratulations to those who managed to take profits.

Currently, ETH has broken below the support area, and it is a significant daily level breakdown. Before the price returns to 1850, the bulls have no chance. There are no signs yet that the bearish trend is coming to an end, so do not attempt to catch a falling knife.

BTC has also broken below the second support area we previously drew, and it is currently hovering near the lower edge, but its time is running short. Throughout June, there is the SpaceX listing suck-up, the World Cup suck-up, the Binance US stock suck-up, and the Strait of Hormuz has yet to reopen. If we wait for US stock sentiment to reverse from optimistic about trading AI to pessimistic about inflation, then the US stocks will continue to bleed. Therefore, it is hard to maintain an optimistic sentiment about the market in June.

The top of BTC from 2021 to 2022 was a composite head and shoulder top formation. And the top of 2024 to 2026 has also developed into a composite head and shoulder top formation, with around 60k being the neckline of the major head and shoulders. If it cannot hold at 60k, then the target will not be just 50k.

In summary, the market is very unfavorable for bulls, so do not easily try to catch a bottom.

Follow me to earn maximum trend profits with minimal actions.

 

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