GM! June 3, 2025 Cryptocurrency Market Analysis
Today, the cryptocurrency market shows a mixed trend of bullish and bearish forces, with both fundamental and technical factors contributing to increased market volatility.
BTC: The monthly chart closes with a small upper shadow bullish candle, forming a V-shaped reversal, but the weekly chart has seen two consecutive weeks of highs followed by pullbacks, indicating a weakening upward momentum. The daily chart has broken below the upward trend line but has rebounded with support from the 30-day moving average. The 4-hour chart finds support at the 103 level, but the upward signal is not clear. Intraday operations should focus on whether the candlestick can reclaim the seven-day moving average and the strength of support at the 103 level.
ETH: The monthly chart closes with a small upper shadow bullish candle. Technical upgrades and team restructuring are helping Ethereum to enter a new stage of growth. The weekly chart is in a phase of consolidation, and the pullback from three weeks of highs has released trapped positions, which is beneficial for accumulation. The daily chart finds support at the 2480 level, and after a breakout rise in the morning, attention should be paid to whether it can stabilize above the 2600 level. The 4-hour chart shows a pullback after a rise, with a need for adjustment during the Asian trading session.
Operation Strategy:
BTC: Focus on support at the 105-104 range and resistance at the 107-108 range during the day. If the candlestick reclaims the seven-day moving average, a light long position can be attempted; if it falls below the 103 level, caution should be exercised for further pullbacks.
ETH: Focus on support at the 2560-2540 range and resistance at the 2620-2640 range during the day. If it stabilizes above the 2600 level, a bullish outlook can continue; if trading volume decreases or the KDJ indicator shows a death cross, attention should be paid to pullback risks.
Altcoins: During Ethereum's phase of adjustment, altcoins have seen significant pullbacks, making them suitable for high sell-low buy trading strategies. Focus on areas around Ethereum's L2 and Rollup scaling solutions, modularity, staking, and popular sectors like AI artificial intelligence for positioning.
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