Good morning everyone, June is here, (parents, please accept my blessings on behalf of the children) wishing all the children in the country a happy Children's Day~



2026 is almost halfway through, let's continue to move forward together~

The monthly closing of the market in May shows that, from a monthly trend perspective, the overall trend remains downward, with limited rebounds, and Ethereum and SOL also closed the month with a downward candle, both in consolidation at the monthly level. Most other mainstream coins are similar; the trend is not very optimistic. Personally, I think the market will continue to mainly sideways in June at the monthly level, waiting for substantial progress in US-Iran relations and other US news this month to trigger a real reversal. Therefore, I personally recommend short-term trading this month.

This week, besides US-Iran developments, we should also pay attention to the Federal Reserve's Beige Book and non-farm payroll data. Regarding the weekly trend of the market, I continue to see a bearish outlook: overall weakening, with the trend oscillating downward. The current market shows signs of forming an inverted V pattern; the weekly candles have been closing lower for three consecutive weeks. Be cautious of risks—if the market truly forms an inverted V, many coins like Ethereum and SOL could face a further accelerated decline.

I believe the key support levels this week are around 70,000 for the market, around 1,880 for Ethereum, and around 75 for SOL.

On the daily chart, the market is still mainly oscillating sideways in the short term, but I lean bearish, so consider shorting. The daily trading range is roughly between 72,000 and 74,000. Ethereum's daily range shows signs of breaking out of its box, with short-term fluctuations between 1,930 and 2,020. SOL's daily range today is between 80 and 83; if it breaks below 80, it may head toward 78.

Today's contract strategies:
BTC: Short at 74,000 or on rallies, take profit at 72,000

ETH: Short at 2,020 or on rallies, take profit at 1,940

SOL: Short at 83 or on rallies, take profit at 80

Warm tips:
1. Stop-loss suggestions should be set according to your actual liquidation price and your risk tolerance.
2. Don't be greedy—take profits when possible. Better to realize small losses than hold on and face larger ones. If the direction is correct, hold on.
$BTC $ETH $SOL
ETH-1.8%
SOL-1.73%
BTC-1.03%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned