Bitcoin Evening Market Analysis (June 5, 2025)

I. Market Outlook

Current Trend: Bitcoin has entered a sideways consolidation phase on the 12-hour chart, with the MACD crossing below the 0 axis. Short-term moving averages are providing weak support. Attention should be paid to whether the 6-hour and 3-hour charts can accumulate rebound momentum through bullish divergence patterns to provide power for the 12-hour chart to restart the rise.

Long-Short Game: The bulls are trying to organize a counterattack, but the overall is still constrained by the pressure of locked-in orders near 106800, and the sustainability of the rebound is doubtful.

II. Technical Highlights

3-hour Chart:

Key Support Area: 103000-102000. If a bullish divergence structure is formed in this area, it may trigger a larger-level rebound.

6-hour Chart:

Significant moving average suppression, MACD below the zero axis, and no effective stop-loss signal has appeared.

102000 is the watershed between strong and weak: If it falls, it may accelerate to the 101000 support area; if it holds, it is expected to accumulate power to attack.

III. Key Support and Resistance

Support Level: 103000 → 102000 → 101000

Resistance Level: 106000 → 106800 → 107800

IV. Risk Warning

Indicator Concerns:

The J-line overbought indicates that the bulls' momentum is overdrawn. If the rebound has no volume, it may retest the bottom.

Event Disturbance:

The European Central Bank's interest rate decision and the US initial jobless claims data may cause fluctuations, and it is necessary to guard against the selling pressure of "buying expectations and selling the facts" after the policy is implemented.