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Overnight, the three major U.S. indices collectively fell, with the Dow falling 0.12% and rising 3.79% in the first half of the year; the Nasdaq fell 0.71%, with a cumulative rise of 18.13% in the first half of the year; and the S&P 500 fell 0.4%, with a cumulative rise of 14.48% in the first half of the year. Most popular tech stocks fell. The cryptocurrency market fell across the board, and the $60,000 integer mark of Bitcoin will be tested again. The May PCE data released last night met expectations, but Bitcoin unexpectedly fell, dropping 1% instantly after the announcement! However, the market reaction was unexpected. Originally, the market expected the data to be lower than expected, pushing up the price of Bitcoin, but after the data was released, it completely matched the prediction, and the market turned unfavourable, and Bitcoin quickly fell in response. Although the PCE data itself did not bring direct negative impact, the fluctuation of sentiment in the crypto world cannot be ignored. At present, the focus of attention in the crypto world has shifted to the two upcoming events: Mentougou compensation and Germany's sale of BTC. These two events will determine the trend of BTC, and also catch the crypto world off guard!

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The price of Bitcoin continued to fluctuate and probe lower on Friday night, testing the 60000 support level again at midnight. This is a critical moment. If it holds, it will be accompanied by the intervention of buying funds and the push of bottom-fishing chips, entering the form of a rebound trend. Otherwise, there is a possibility of a secondary probe of the 58000 support level. Personally, I predict that there will not be much fluctuation in the market over the weekend, and it is highly probable that after the consolidation over the weekend, it will test the 58000 support level again and then start a rebound trend. From a technical structure perspective, the downtrend on the daily chart has slowed down, and the trading volume has entered a shrinking state. There are no obvious one-sided signals in the short term. Generally, it is still running in a rhythm of oscillation and repair. There will not be a significant one-sided trend in the short term. In terms of short-term thinking over the weekend, just look for the oscillation range and participate at the high and low points!

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Ether continued to rebound within the day but did not break through the effective long position. It twice touched the 3480 level and came under pressure again in the evening, pulling back to near 3370 in conjunction with BTC. The intraday fluctuation of this range of over a hundred points maintains the weak oscillation situation of yesterday. As long as the pullback does not break the support line at 3320, it is expected that the short-term market will continue to enter consolidation. Therefore, everyone should not blindly bearish, and beware of the price coming under pressure again. Currently, the short-term trend is entering consolidation, with attention to the resistance range of 3430-3460 on the upside and the support range of 3320-3350 on the downside.