We entered June amid intense anticipation in the crypto market, where confusion prevails between an ideal buying opportunity… or the beginning of a wider downward wave. Amid sharp fluctuations, interesting signals are emerging on Bitcoin, Ethereum, and several emerging currencies.
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🔹 Bitcoin (BTC): Testing patience at $103,500
After reaching the peak of $112,000 last month, BTC is currently trading around $103,500. The sharp correction seems to have found support in the 102K - 104K area, which is the same area that saw significant accumulation previously in April.
✅ Positive signal:
The Relative Strength Index (RSI) has returned to the neutral zone, allowing for a new movement during the week.
📌 Watch point:
Breaking $106,000 could ignite a new upward wave towards $110,000.
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🔹 Ethereum (ETH): Compression before explosion?
ETH is currently priced between $2,000 - $2,100, confined within a clear technical pressure triangle. Indicators suggest a "decision moment" is very close.
🔍 Potential triggering factors:
A new upgrade is expected in the network in mid-June.
Noticeable increase in the number of active addresses.
🧠 Potential strategy:
Entry after breaking above $2,150 with a flexible stop loss.
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🔹 SUI coin under the microscope 🔍
SUI is one of the prominent coins that has risen despite the weak market, up +12% in the last 48 hours.
🎯 Why the interest now?
Significant activity in applications built on SUI.
Unusually high trading volumes.
📈 Potential entry point: $1.25
📉 Stop loss: below $1.18
🚀 First target: $1.38
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🔸 Wider market: Opportunities and tests
XRP is holding strongly above $2.10… any upward break could push it towards $2.45.
SOL is holding above $165, likely to rise to $185 during the coming week.
The massive releases of tokens at the beginning of June have started to affect liquidity, but they may also represent opportunities for cheap buying.
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📌 Summary of the day:
The market is in a moment of silence before the decision. Corrections have given the market time to catch its breath, and many traders see this as the perfect time for strategic accumulation, especially in major currencies and projects with strong fundamentals.
🚀 Watch, and don't hesitate when the signal comes.
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