According to @GreeksLive, the crypto trading community remains sharply divided on market direction, with some traders identifying a potential bottom while others anticipate further declines. The critical support level at 116 is being closely monitored as a tipping point for future price action. This uncertainty highlights the importance of watching key technical levels for short-term trading strategies and risk management in the current volatile environment (source: @GreeksLive).

According to Miles Deutscher, the SOL/ETH chart has reached a critical support level, presenting a decisive moment for traders to anticipate either a breakdown or a bounce (Source: Miles Deutscher on Twitter, June 4, 2025). This level is significant for momentum trading, as a breakdown could signal further Solana weakness against Ethereum and prompt a shift in trading strategies towards ETH dominance. Conversely, a confirmed bounce may indicate renewed Solana strength and short-term outperformance. Crypto traders should closely monitor volume and price action at this key zone to adapt their positions and manage risk effectively.

According to Miles Deutscher, altcoins are currently at a critical support level. A break below this level could lead to significant market downturns. He has collaborated with expert trader @ParadiseXBT_ to provide a comprehensive market update, including his analysis on the FOMC's potential impact on the market. Traders are advised to watch the detailed analysis for strategic insights.