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BlockBeats News, June 7th — Trader 3X Long Labubu stated that he is bearish on the short-term trend of the South Korean stock market but is prepared to buy the dip at the bottom. He plans to adopt a "sell first, buy later" deleveraging trading strategy. The trader predicted a high probability of a significant drop in the South Korean KOSPI index on Monday, with a focus on the 7050 level. Unless NVIDIA CEO Jensen Huang provides a clear positive catalyst before the South Korean market opens, the KOSPI will "shit like no tomorrow" (plunge as if there is no tomorrow). Currently, the South Korean market is highly leveraged, with retail investors often using 5x leverage. Once panic sets in, it is easy to see a single-day 15-20% decline, potentially triggering a circuit breaker. From the perspective of KOSPI futures and the U.S.-listed EWY (South Korea ETF), the market has actually priced in a significant portion of the anticipated plunge in advance. The trader also pointed out that the buying signal at the bottom after the plunge is when the U.S. and South Korean stocks bottom out simultaneously. The plan is to buy Nasdaq futures and South Korea 3x leverage ETF during the overnight session. In addition, one should not enter the market immediately when it reaches a key level (such as the 21-day moving average), but rather wait for the key candlestick to bottom out at a support level, wait for the next candlestick to bounce, and then confirm the entry, which is a more prudent approach.

BlockBeats News, June 7th, Analyst @alicharts believes that the best risk-reward opportunity for Bitcoin usually occurs when the MVRV (Market Value to Realized Value ratio) price band drops to the 1.0 and 0.8 levels. Currently, these two key price bands correspond to $53,900 and $43,130, respectively. This means that if BTC retraces to the above-mentioned range, it may provide a good entry point.

BlockBeats News, June 7th. According to Yonhap News Agency, South Korean retail investors sold overseas stocks worth over 1 trillion Korean won in the first week of June, continuing the net selling trend since April. This amount far exceeds the $469 million in April and is close to the record $940 million for the entire month of May. If the selling continues until the end of the month, it will be the first time to see three consecutive months of net selling since April to July 2023. It is worth noting that this selloff occurred against the backdrop of the U.S. stock market repeatedly hitting new highs, with market expectations that retail funds may flow back to South Korea. The KOSPI in South Korea broke through the historical 8,000-point mark at the end of May, led by semiconductor stocks. South Korean retail investors are taking profits in the U.S. stock market at high levels and returning to the domestic market to reposition their assets.