Yueying: Bitcoin and Ethereum Market Analysis Today (June 5th)? Will the continuous decline bottom out and rebound by the end of the week? (Short-term strategy included)

Bitcoin's daily chart shows a weak opening and consolidation around the lower Bollinger Band after a false break below 62,000. The short-term moving averages are trending downwards, the MACD lines are extending downwards with increasing volume, the KDJ is narrowing and moving upwards, watch for support near the zero line, and the VR indicator is consolidating around 30. The 4-hour chart shows the price consolidating around the lower Bollinger Band and the 7-period moving average, currently testing short-term resistance. The Bollinger Bands are showing signs of flattening, the short-term moving averages are trending downwards, the MACD lines are moving upwards with decreasing volume, the KDJ has turned downwards and is now slightly upwards again, watch for resistance around the 50 line, and the VR indicator is consolidating around 40. Overall, while there has been some rebound, this is not a reversal, and the trend remains weak. As mentioned before, a rebound is likely after an oversold condition, so a correction is more likely today. Short-term resistance is around 65,000, and support is initially seen at the psychological level of 60,000. The non-farm payroll data release tonight (Friday) will likely impact short-term volatility; risk management is crucial. Short-term trading suggestions: Bitcoin: Buy at 61000, Sell at 64500 (Take profits as needed after strategy activation). Ethereum: On the 4-hour chart, the price action was met with resistance around the 7-period moving average, followed by a large bearish candlestick to the lower Bollinger Band. The overall trend is weak. The technical analysis should be referenced in conjunction with Bitcoin. Short-term resistance is around 1820, and support is around 1600. Ethereum: Buy at 1620, Sell at 1800 (For more cryptocurrency analysis, click the image to see the homepage introduction). —I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!