Bitcoin Market Trend Analysis 20250607

Yesterday, it was mentioned that after a continuous decline at the hourly level, a rebound would occur. The rebound position we suggested is to first look at 103000-104000; if it is strong, it could reach the 105000-106000 range. The actual rebound high was 105333 (Binance spot price). It just rebounded to the daily MA30 line and faced pressure, forming a hourly level correction. Currently, it is experiencing hourly level fluctuations.

The next two days, during the weekend, liquidity will be poor, and the main players will not take significant actions, primarily focusing on a fluctuating trend until Sunday evening until Monday when the US stock market opens, when larger fluctuations are likely to occur.

The daily MA30 line has started to flatten after an upward trend, the MACD is returning to the zero axis from a high position, and the price is at the MA30 line. If it can stay above the MA30 line within two days, then the price has further upward potential; if it cannot stay above, the price will need to decline further. We will observe as we go.

Daily level resistance is at 106000-110000-120400-130000, and support is at 100860-97670-95100-93410