Gate.io’s Daily Market Trends (June 4th): Gate.io Makes the Forbes List, Bitcoin's sharp Intraday Price rub

As of 12:00 GMT, Bitcoin’s price closed at $37,884.25 and Ether's price closed at $2,751.33. After 10:00 yesterday, Bitcoin’s price rose for five straight hourly closes and then adjusted, but still hit the $40,000 mark at 18:00. Today at 9:00, Bitcoin’s price fell sharply by $777.74. As a result of this sudden drop, Bitcoin’s price entered a correction phase before noon. On the one-hour chart, Bitcoin’s price is showing a clear "M" pattern, with the top around $40,000. If there is no serious dip in Bitcoin’s price after midday, the market could continue yesterday's recovery trend. However, the $40,000 resistance remains in place. Recently, the intraday trends of Ether and Bitcoin have become more similar, so investors should pay attention to diversify their risk.

Click to read more：Gate.io’s Daily Market Trends (June 4th)Gate.io Makes the Forbes List, Bitcoin's sharp Intraday Price rub

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June 4, 2021

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