Analysis $BTC 06/06/2025
#BTC , I won't go into details about the fact that we quickly dropped below the gray range at $102K, because EVERYONE already knows why we made this unexpected move, so let's focus on what matters.
Once again, the BULLS are attacking this blue region on the chart, around $106K, which is very good and puts us BACK in the game. Notice that as the price moved away from $102K many SHORTs were closed, making it easier for the price to rise without problems. However, the blue region on the chart is where the SELLERS are acting quickly.
We are entering the weekend, and the BULLS need to keep the price above $104K during this weekend so that next week we can attack $107K again.
The EMA 200 (4H) continues to save us here, but it’s not a good idea to keep testing it, so the gray range should be left behind as quickly as possible.
The thing is quite simple here, we need to oscillate during the weekend between $104K/$106K and accelerate to $107K next week. It is not an option to let the price drop below $104K.
Altcoins continue to recover, some have managed to recover 100% of yesterday's loss, which is very good. Total2 needs to recover $1.15T for us to go back to 100% in all altcoins.
ETH/BTC has still remained good, although it is already showing fatigue today, it still looks good.
Also in this sense, we have USDT.D which is already showing weakness and should retreat quickly, facilitating the weekend for altcoins (I am counting on this, since my longs from yesterday are super profitable and I don't want to close them).
Overall, it still looks very good, and there is no reason for despair here.
Remember: The Market doesn't care about emotions!
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