2026.6.2 9:59 AM XAU/BTC/ETH Analysis
Last night the market wiped out 141,741 accounts with a staggering $605 million, can’t say it was brutal, it was downright inhumane!
Now, web3 is fully embracing the US stock market; it's not that web3 is dead, but the high-growth environment for web3 is gone. Opportunities for explosive returns are basically nonexistent now. Future high-risk opportunities, if they exist, won't be accessible for the average Joe. Before 2025, the chance for underdogs to flip the script was indeed higher, but from this moment on, remember: don’t just think about flipping the script; if you can make a living off trading for yourself and your family, you’re already a boss!
BTC
Support at 68700/67135
Resistance tentatively at 75475-78425/80850
Yesterday, Bitcoin tanked by $3,300 in a single day; that’s quite a drop compared to its current price. Right now, the 68700 level has a 90% chance of being tested. This week, let’s avoid the crypto circus and focus on gold and US stocks!
ETH
Resistance tentatively at 2100/2225
Support at 1915/1600
Yesterday’s low was 1954.5; Ethereum has been slightly stronger than Bitcoin. The reason is that Ethereum took the hardest hit in this wave, dropping below the 2000 mark, which corresponds to Bitcoin being below 65000 from February to April. Ethereum is hanging in there, but it's about to test that breakdown level!
XAU last night considered the current web3 big shift to US stocks, so I focused on XAU instead of Bitcoin or Ethereum, and this morning successfully hit 4490; today I’ll keep looking for opportunities!
Trading advice does not constitute any investment basis: Reflecting on my US stock market career from 2012-2017, it feels just like yesterday; now we’re back to square one. The past couple of days have been a rollercoaster for many web3 folks, and it’s normal to feel anxious about the future of web3. Remember, 99.99% of altcoins have nothing to do with web3. Bitcoin and Ethereum are enough, so I emphasize again: ditch the altcoins and embrace US stocks. When the first big test comes mid this month, and SpaceX officially joins the Nasdaq, capital flow in the market will peak, and web3 and US stocks will inevitably reach a balance. That will be the moment to go all-in on Bitcoin and Ethereum spot!
This week, keep an eye on trading opportunities in gold and US stocks!
#美国参议院恢复审议CLARITY法案
Last night the market wiped out 141,741 accounts with a staggering $605 million, can’t say it was brutal, it was downright inhumane!
Now, web3 is fully embracing the US stock market; it's not that web3 is dead, but the high-growth environment for web3 is gone. Opportunities for explosive returns are basically nonexistent now. Future high-risk opportunities, if they exist, won't be accessible for the average Joe. Before 2025, the chance for underdogs to flip the script was indeed higher, but from this moment on, remember: don’t just think about flipping the script; if you can make a living off trading for yourself and your family, you’re already a boss!
BTC
Support at 68700/67135
Resistance tentatively at 75475-78425/80850
Yesterday, Bitcoin tanked by $3,300 in a single day; that’s quite a drop compared to its current price. Right now, the 68700 level has a 90% chance of being tested. This week, let’s avoid the crypto circus and focus on gold and US stocks!
ETH
Resistance tentatively at 2100/2225
Support at 1915/1600
Yesterday’s low was 1954.5; Ethereum has been slightly stronger than Bitcoin. The reason is that Ethereum took the hardest hit in this wave, dropping below the 2000 mark, which corresponds to Bitcoin being below 65000 from February to April. Ethereum is hanging in there, but it's about to test that breakdown level!
XAU last night considered the current web3 big shift to US stocks, so I focused on XAU instead of Bitcoin or Ethereum, and this morning successfully hit 4490; today I’ll keep looking for opportunities!
Trading advice does not constitute any investment basis: Reflecting on my US stock market career from 2012-2017, it feels just like yesterday; now we’re back to square one. The past couple of days have been a rollercoaster for many web3 folks, and it’s normal to feel anxious about the future of web3. Remember, 99.99% of altcoins have nothing to do with web3. Bitcoin and Ethereum are enough, so I emphasize again: ditch the altcoins and embrace US stocks. When the first big test comes mid this month, and SpaceX officially joins the Nasdaq, capital flow in the market will peak, and web3 and US stocks will inevitably reach a balance. That will be the moment to go all-in on Bitcoin and Ethereum spot!
This week, keep an eye on trading opportunities in gold and US stocks!
#美国参议院恢复审议CLARITY法案
