June 3, 2025 BTC.ETH Evening Market Strategy Analysis

In simple terms, Bitcoin and Ethereum experienced another rise last night, with Bitcoin reaching a high of 186,500 and Ethereum approaching 2,650. However, after the rise, it started to decline, with Bitcoin being held back by the resistance at 106,600, and although Ethereum rose significantly, the 4-hour candlestick closed with a long upper shadow (like a long nail), indicating that the upward momentum might be losing strength and a pullback could be imminent.

Current situation:

- Bitcoin's weekly trend is still bearish, and after a rebound, it may continue to decline

- The daily moving averages have not successfully broken through; 106,600 is a resistance level

- Although Ethereum has risen sharply, the long upper shadow indicates significant selling pressure

- Technical indicators show that the overall trend is still bearish, with minor rebounds that may be false signals

Operation suggestions:

Bitcoin: Short around 105,500-106,000, target 103,500

Ethereum: Short around 2,600-2,620, target 2,540

Summary: After the rise, be cautious of a decline; the key resistance level has not been broken, and short positions can be established on rallies.