Pionex: Bitcoin Latest Market Analysis on June 7

Article Published on June 7, 2025 - 0:10

The current price of Bitcoin is 105,000. The bottoming out at 100,000 has ended, and a correction has begun. Currently, there is a rebound in the market. In the short term, after a continuous decline, there is a clear rebound trend. From the perspective of trading volume, candlestick patterns, and MACD indicators, bullish momentum has strengthened. However, the price is still constrained by the downward trend line and has not effectively broken through it. If it can stabilize above the MA30 and effectively increase in volume in the short term, the rebound may continue favorably; otherwise, it may retest the support level at 100,000 or even lower. Therefore, Pionex suggests that aggressive traders can participate in the rebound with a light position but should gradually reduce their holdings near key resistance levels. The stop-loss level is at 100,000. Conservative traders are advised to patiently wait for the price to break through and stabilize above the resistance level before increasing their positions to follow the upward trend; or wait for the price to retrace to the support level near 100,000, observe the volume and rebound strength, and then look for opportunities to buy low.

Today's Reference Points:

• Long Entry: 104,000, Stop Loss: 103,500, Target: 105,500
• Short Entry: 107,500, Stop Loss: 108,500, Target: 105,000

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 2,505. Pionex has found that the market is still receiving support near the lower boundary of the descending channel, showing signs of a short-term rebound. In the short term, the rebound at the lower boundary of the descending channel, combined with recent increased trading volume, MACD forming a golden cross, and the "three white soldiers" candlestick pattern, indicates that the main force is attempting a counterattack, with the possibility of further testing the upper boundary of the channel. However, the strength of the rebound may be constrained by the mid-term moving averages and the overall bearish trend, so the short-term upward momentum may be limited. From a mid-term perspective, the price is still within the descending channel, and the overall moving average system is in a bearish arrangement, indicating that the downward trend has not changed. Therefore, Pionex suggests that short-term traders can attempt to follow long positions to the upper boundary of the descending channel and near the 2,600 resistance level.

Short-Term Strategy Reference:

• Long Entry: 2,430, Stop Loss: 2,380, Target: 2,550
• Short Entry: 2,600, Stop Loss: 2,650, Target: 2,500

The above is a brief analysis by Pionex regarding the current market situation for investors' reference. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights and hopes to help others with dreams find their place in this unpredictable market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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