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Bitcoin and Ethereum Market Analysis and Strategies on June 7, 2025!

Bitcoin (BTC): The price is fluctuating around $104,460, with daily volatility of less than 0.7%, showing a standoff between bulls and bears. The technical analysis shows that the 5-day and 10-day moving averages are intertwined (MA5=104,066, MA10=104,599), the MACD has formed a dead cross, and the histogram is negative (-1,700), indicating short-term adjustment pressure persists. On-chain data shows large wallet sell-offs combined with profit-taking from old wallets, but institutions like Metaplanet continue to accumulate, creating a standoff. Key support levels are at $100,000 (psychological barrier) and $97,600 (200-day moving average), with resistance levels at $105,000 and $112,000.

Ethereum (ETH): Up 3.1% for the day, breaking through $2,488, with a volatility of 6.2%, outperforming Bitcoin. Although the technical analysis shows a MACD dead cross (DIF=66.38, DEA=103.99), expectations for the Pectra hard fork upgrade (Layer-2 expansion) and Fidelity's weekly net inflow of $470 million in ETH support the fundamentals. The number of active on-chain addresses has reached 1.07 million per day, and gas fees have dropped to $0.5, indicating an active ecosystem. Key support is at $2,424 (daily) and $2,275, with resistance levels at $2,540 and $2,600-$2,655.

Operational Strategies

BTC: Short-term range trading ($100,000-$105,000), stop-loss below $100,000, and increase positions if it breaks above $105,000; for mid to long-term, if it retraces to $97,600, consider building positions in batches, targeting $120,000.

ETH: In the short term, if the daily close breaks above $2,540, consider entering a light long position, targeting $2,600-$2,655; if it retraces to $2,424 and holds, consider buying. For the mid to long term, consider participating in ETH2.0 staking (annualized 3-4%) and positioning in Layer-2 tokens (like ARB, OP).