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 Gate.io Blog As a new information section of Gate.io, the Gate.io blog function will provide users with all-round investment support. It will offer the most timely information in the industry, as well as informative columns, exclusive research reports, interesting encyclopedia info, and other high-quality content. All of these combined will enable you to grasp the most valuable and high-quality information without leaving home. We invite you to experience and bookmark this blog, in order to get essential investors tips. Website: https://www.gate.io/en/blog/bloglist App will be launched soon, please keep an eye out for it! Blog entry: “About-Gate Blog” at the bottom of Gate.io homepage. Gate.io Blog will be updated at regular intervals. Stay tuned! Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support. Gate.io Team June 4, 2021 Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral Click to Sign up ：https://www.gate.io/m#/register Download it now at: https://www.gate.io/mobileapp Follow us on social Facebook: https://facebook.com/gateioglobal Twitter: https://twitter.com/gate_io Telegram：https://t.me/gateio Instagram：https://www.instagram.com/gateioglobal Medium：https://medium.com/@gateio