Daily2026-06-01

BTC & ETH Hourly Price Action

BTC/USDT5 min read

Price Action Analysis

Pin Bar at channel lower band · Watch 67,200 breakout · Awaiting long entry

📌 Key Takeaways

Structure: Trading range day, 66,800-67,800.
Key level: $67,200 (POC).
Thesis: Wait for breakout confirmation. No chasing.

Entry Reference

Entry
67,200
Stop
66,400
TP1
68,500
TP2
70,000

On-Chain Snapshot

BTC Bal
-3,200
OI
+2.1%
Funding
0.03%
Flow7d
-1,800
ETH/USDT4 min read

Price Action Analysis

Double bottom forming · Watch 3,720 neckline · Volume confirming

📌 Key Takeaways

Structure: W-bottom forming, 3,600 zone tested twice.
Key level: $3,720.
Thesis: Bullish but wait for confirmed breakout.

Entry Reference

Entry
3,725
Stop
3,580
TP1
3,850
TP2
4,000

On-Chain Snapshot

ETH Bal
-152K
OI
+3.5%
Funding
0.005%

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⚠️ Disclaimer: Educational content only. Crypto trading carries high risk.