Today's Market Analysis Share
On June 4, 2025, Bitcoin's price exhibited volatile movement, with the latest price at $105,779.000, an opening price of $105,920.000, a highest price of $106,495.000, and a lowest price of $105,070.000. From the daily chart, Bitcoin's price fluctuated within the range of $103,000 to $108,000, indicating that the market is in a relatively high-level consolidation phase.
In comparison to Bitcoin, Ethereum's performance on June 4, 2025, was relatively stable. The latest price is $2,609.7000, the opening price is $2,607.4200, the highest price reached $2,655.3800, and the lowest price was $2,563.3000. From the daily chart, Ethereum's price shows a volatile upward trend, indicating that bullish strength has a certain advantage.
In terms of technical indicators, the MACD indicator shows that the histogram remains positive and is gradually lengthening, indicating that bullish strength is strengthening. However, the KDJ indicator shows a neutral value of 23, with no golden cross or death cross signals, and the market direction still needs confirmation. Regarding the Bollinger Bands, the price touched the upper band before retreating, indicating some pressure above, but overall it remains in an upward channel.
In June, the cryptocurrency market will witness a massive token unlocking wave, involving multiple mainstream projects. According to Tokenomist data, tokens worth over $3.3 billion will enter the circulating market this month, and Bitcoin-related projects may also be affected to some extent. Token unlocking typically means that early investors and project parties will be able to sell tokens for cash, which may increase market supply and pose potential pressure on Bitcoin's price.
U.S. Non-Farm Payroll Data
This Friday (June 6, 2025), the U.S. will release the latest non-farm payroll data. This data is an important indicator of the health of the U.S. economy and directly affects market expectations for the Federal Reserve's monetary policy. If the data shows strong performance, indicating a robust U.S. job market, the market may expect the Federal Reserve to maintain tight policies or slow down interest rate cuts, which will lead to funds flowing out of risk assets, putting pressure on Bitcoin's price. Conversely, if the data falls short of expectations, the market may anticipate that the Federal Reserve will adopt an accommodative policy, with funds possibly flowing into the cryptocurrency market, pushing Bitcoin's price upward.
