Analysis $BTC 06/05/2025

#BTC , what day is today? I was taking a break from the charts and when I come back, I see Trump attacking Elon Musk and Musk attacking Trump, some billionaire fierce defenders of TRUMP unhappy. Some terrible unconfirmed rumors from our Asian friends with some issues over there. Wyn being hunted again and not even the cabal was able to help him this time, anyway, what day is today?

Let's see what is left for us here...

We did a retest again in the blue range on the chart around $106K, but AGAIN we were not able to reverse that region and obviously, it became easy for the BEARS to attack there. Anyway, we are still quite predictable here, we returned to this gray range on the chart, this is where things get sinister again.

This is still a support until it is no longer, however, I would not have liked to see this price action the way it is, anyway, this is where the big BULLS need to react quickly to keep the charts optimistic.

We have the EMA 200 (4h) literally at the current price which still serves as SUPPORT, it had been just over 60 days since we last touched it.

The RSI is still not stressed enough, but it should be soon.

Although BITCOIN initially failed to recover the level we needed, TOTAL2 is still dropping less than BTC itself, of course, the ETH/BTC chart is still very strong, despite the disaster. We just need the latter to stay above 0.024 and the Altcoins will do well.

THEY want you to believe that it is all over, and for you to sell your coins at the current prices, only for them to send this to a new ATH along with the ALTCOINS later.

Remember: The Market does not care about emotions!

$112K loading...

I remain extremely OPTIMISTIC on #altcoin!