Cryptocurrency Academy: A 6.2 Bitcoin weekly level top divergence has formed! Bearish momentum has not yet been fully released! Latest market analysis reference.

CN
3 days ago

The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you persist. Only those who survive in the crypto space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.

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Crypto Circle Academician: June 2, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 105,100. It is now 1:30 AM Beijing time, and the market has reached a high point. It is time to start testing positions downwards. Many crypto friends have privately asked whether to go long at this position. I am speechless. What kind of thinking is it to go long at a resistance level? Why do so many people in this market like to chase highs and sell lows? Trading is not actually difficult; it is a common trading pattern to short at resistance levels and go long at support levels.

The daily K-line has a high of 105,300 and a low of 103,750. After standing at the 0.786 Fibonacci support line, the K-line began to rebound in a small range, indicating that the main force lacks the momentum to break the Fibonacci line in the short term. It is expected to consolidate and gather strength above, or to adjust. The MACD continues to shrink in volume and increase in positions, indicating that the bearish momentum remains strong. The DIF and DEA are expanding downwards from a high position, impacting the 0 axis line. After the Bollinger Bands contracted, the middle track resistance level has risen to 106,400, with the lower track support at 101,500. The consolidation and upward adjustment of a few hundred points have little impact; as long as the middle track is not broken, the bearish trend remains unchanged.

The four-hour K-line has a short-term rebound demand, focusing on the EMA60 trend resistance level of 106,300. If the resistance level is broken, the bears can consider stopping losses. Before that, you can test positions. The MACD continues to increase in volume, indicating a clear short-term rebound. The DIF and DEA at low levels have not expanded. The K-line has currently broken the middle track of the Bollinger Bands at 104,800, and the upper track has moved down to 106,600. In terms of trend, it is also acceptable to wait for a bit more stability.

Short-term reference: The market is never 100% certain, so always set stop losses. Safety first; small losses and big gains are the goal.

For testing positions upwards, consider 101,500 to 101,000 for long, with a defense at 100,500, stop loss at 500 points, and a target of 102,500 to 103,500. If broken, look at 104,500.

For testing positions downwards, consider 105,500 to 106,000 for short, with a defense at 106,500, stop loss at 500 points, and a target of 104,000 to 103,000. If broken, look at 102,000.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The Academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market in investing. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often happen unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Crypto Circle Academician wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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