【$btc】2025.6.3

①$btc has reached a new high again, but it does not look strong. It has been in a low-level fluctuation for many days. Will it directly weaken and enter a bear market? Absolutely not. Put away any panic thoughts; it’s possible that June might see a new high again. Right now, people are eager to call the top, but it's too early. All indicators are on the left side, and although there are indeed signs of a top gradually appearing, even if it does reach a top, there will still be many opportunities to escape. There's no rush; we will take it step by step. Regarding tariffs, Trump hopes that countries will submit their best trade negotiation proposals by this Wednesday, with a final deadline set for July 8. Meanwhile, the lawsuit concerning Trump's tariffs is still under review, and a preliminary result might only come by mid-month, so the impact of tariffs in the near term is likely minimal. Then there's the U.S. stock market, which remains in a state of fluctuating upward movement. Although the volatility is not large, it has not reversed. As long as the U.S. stock market does not continue to decline, it will not have a negative effect on $btc, and the entire cryptocurrency market can play independently.

② Now, although it has rebounded, it is not strong, and it is quite sluggish and bothersome. This has lasted about three days, so looking at it, is the adjustment still continuing? The line of 106000 that I emphasized last week has now become the strongest resistance. For the price to continue to rise, the first priority is to stand above 106000. If it cannot stay above this level in the next couple of days, the opposite will correspond to continued adjustment. The defensive position below is at the 103700 line. If it falls below this, we will continue looking for a bottom, targeting the 102500 line.

③ The upper resistance is still at the 106000 line. If it stabilizes, look towards [107000-108000]. At this point, someone might say, 'There's not much movement!' Yes, $btc is actually a fluctuating structure, so don't expect it to have drastic movements for now. It can be shorted when it rises and even more easily bought when it falls. The support below is at the 104600 line, with the defensive position of 103700 serving as a stop-loss level. It might not be a bad idea to try a long position.