🟠 Bitcoin (BTC) Market Analysis – June 6, 2025

#BTC #BNB_Market_Update

Price: $69,850

24h Change: +1.2%

7d Change: +4.7%

Market Cap: $1.37 Trillion

✅ Key Highlights:

BTC remains in a bullish consolidation phase, holding strong above the $69K support.

The weekly close above $68K signals sustained buyer interest and institutional accumulation.

Favorable macro factors, including declining U.S. inflation data and increased ETF inflows, are boosting investor sentiment.

📈 Technical Levels:

Support: $68,000 → $65,700

Resistance: $70,500 → $72,000

RSI (Daily): 61 – Healthy, slight bullish bias

MACD: Trending upward, bullish crossover confirmed

🧠 Market Sentiment:

On-chain data shows increased wallet activity and decreasing exchange reserves, a classic long-term holding signal.

Futures open interest is rising but remains healthy, suggesting controlled leverage in the market.

🟡 Binance Coin (BNB) Market Analysis – June 6, 2025

Price: $686

24h Change: +0.6%

7d Change: +12.4%

Market Cap: $105 Billion

✅ Key Highlights:

BNB broke above the critical $650 resistance after weeks of consolidation, hitting a 20-month high.

The recent Binance Smart Chain upgrades and rising DeFi activity are contributing to BNB’s strength.

Binance's continued expansion in the Middle East and Asia is also boosting investor confidence.

📈 Technical Levels:

Support: $650 → $620

Resistance: $700 → $720

RSI (Daily): 74 – Overbought, but momentum remains strong

MACD: Bullish momentum sustained

🔍 Market Insight: