Cryptocurrency markets showed mixed momentum during the early European trading session on June 4, as investors digested recent macroeconomic cues and awaited key data releases later in the week. Major tokens like Bitcoin (BTC) $BTC and Uniswap (UNI) experienced fluctuations, while overall market sentiment remained cautiously optimistic.
Bitcoin (BTC) Price Analysis
Bitcoin hovered around the $69,000 mark on Tuesday morning, struggling to hold above key resistance levels. Although BTC showed resilience after a brief dip to $67,500 earlier this week, its upward momentum remains limited without a clear breakout.
Key levels to watch:
• Support: $67,500 and $66,000
• Resistance: $70,000 and $71,500
If Bitcoin manages to close above $70,000 on the daily chart, bulls may regain control with a potential retest of the all-time highs near $73,000. However, a failure to sustain current levels could see BTC revisiting lower support zones.
Uniswap (UNI) Price Analysis
Uniswap’s native token UNI traded around $10.20, showing a modest recovery after a short-term decline. The DeFi $DEXE sector has seen renewed interest lately, with UNI benefiting from increased protocol activity and upcoming governance proposals.
Key levels to watch:
• Support: $9.60 and $9.00
• Resistance: $10.50 and $11.20
UNI’s price trajectory remains bullish in the short term, provided it holds above the $9.60 support. A break above $10.50 could trigger a rally toward the $12 level in the coming days.
Overall Crypto Market Sentiment
The broader crypto market continues to react to developments in the U.S. macroeconomic landscape, particularly around inflation data and interest rate expectations. Ethereum (ETH), Solana (SOL),$SOL and XRP showed mild gains during the session, reflecting a cautious but stable investor outlook.
Market analysts suggest that any signs of dovish tone from the Federal Reserve could provide a bullish catalyst for crypto assets, especially with growing institutional interest and increased ETF inflows.
Conclusion
As of June 4, the European crypto market remains in a consolidation phase, with Bitcoin and Uniswap showing key levels to monitor. While price action remains range-bound, potential breakouts could shift momentum quickly in either direction. Traders are advised to watch global macroeconomic signals closely as they may set the tone for the next market move.
