$BTC Market Analysis for Saturday, June 7, 2025
Yesterday saw a strong rebound in Bitcoin (BTC), with a significant reaction at the crucial support level of 100,000. On the daily chart, Bitcoin must break above the 106,000 mark to confirm the start of a more sustained upward trend. Given that weekend volatility is typically limited, the key focus today remains on the 106,000 resistance level for potential upward movement.
Ethereum’s (ETH) rebound has been comparatively weak. However, Ethereum’s price behavior continues to show unpredictability in the short term. The recent rebound nearly reached the optimal resistance level for bearish traders, which partially explains the limited strength of the bounce. The major short-term resistance to watch is at 2,530. Only a clear breakout above this point would open the door to higher targets. Overall, Ethereum’s trend appears to be closely aligned with Bitcoin’s movements.
Trading Suggestion for Today:
Entry: Around current price (~2,475)
Stop Loss: 2,463
Take Profit: Between 2,505 and 2,530
Please note, this information is provided solely for reference purposes. Exercise caution and conduct your own analysis before making any trading decisions.
