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Memecoin Quiz: Guess the memecoins based on the eyes below!
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📅 Ends at 04:00 AM, Jun 7 (UTC)
Analysis of thoughts on midday of June 2nd:
Yesterday, Bitcoin pulled back to around 103750 and then rebounded. The price later rose to around 105800 but faced resistance and retraced again. It seems that both bulls and bears are starting to become stalemated, but currently in a weak phase. Technically, looking at the structure, after the previous one-sided rise, the daily trend has welcomed a short-term decline, and the overall trend has weakened. The strength of the rebound is relatively small, so it's not advisable to chase the rise lightly at this stage. From the 4-hour perspective, it is in a fluctuating downward trend. In this weak phase, rebounds are just empty!
Big Pie: Range 105900-106200, target
104800-104900, defend 106400
Two cakes: Range 2530-2500, target 2490-2410 #BTC#
Yesterday, Bitcoin pulled back to around 103750 and then rebounded, with the price later rising to around 105800 before facing resistance and pulling back again. It seems like both bulls and bears are in a stalemate, but currently in a weak phase. From a technical structure perspective, the daily chart shows a short-term fall after a previous one-sided rise, and the overall trend is weakening with relatively small rebound strength. At this stage, it's not advisable to chase the price. Looking at the 4-hour chart, it is showing a fluctuating downward trend; in this weak phase, rebounds should be short!
BTC: Range 105900-106200, Target 104800-104900, Stop loss 106400
ETH: Range 2530-2500, Target 2490-2410 #BTC#