June 4, 2025 Bitcoin ($BTC) Market Analysis and Trading Strategy
1. Market Analysis
The Bitcoin daily chart closed with a doji star bearish candlestick and still has not crossed above the middle Bollinger Band. The overall direction remains bearish, with a death cross above the zero line on the daily chart ❌, indicating a need for the fast and slow lines to return to the zero line. If it does not break above the EMA30 on the 4-hour chart, it will continue to oscillate downwards.
2. Trading Strategy
Currently, it is advised to cautiously go long, with a focus on shorting at high points. If the price approaches the range of 106000–106500, it can be shorted, targeting around 103000. The market is volatile, so it is crucial to strictly implement take profit and stop-loss measures, avoiding “urgency” and “greed.”
$BTC
