During the first week of June, markets fluctuated between conflicting signals from U.S. monetary policy and ongoing tensions in the Middle East. In its latest statement, the Federal Reserve hinted at the possibility of keeping interest rates unchanged for longer than expected, given inflation data that continues to resist decline.
Meanwhile, the rebound in oil prices following renewed closure of the Strait of Hormuz has exacerbated risk sentiment. In this volatile context, risky asset markets reacted with hesitation and uncertainty.
Bitcoin (BTC)
Bitcoin's movement this week showed a clear downward structure in the first half, characterized by lower highs (LH) and a decisive break of support with strong selling volume, resulting in the creation of a new lower low (LL) below $100,000.
However, this decline turned out to be a false breakout, as evidenced by the high liquidity area discovered in trading volume, leading to a rally driven by intense buying. The price regained strength with a clearly upward tilt and is now approaching a supply area between $104,000 and $104,400.
If Bitcoin fails to strongly break through the supply area, we may witness additional correction towards $102,000. Conversely, a clear upward breakout may enable a recovery scenario targeting $106,000.
Solana (SOL)
Solana's stock saw one of its most notable moves this week. After a prolonged drop within a descending channel, it experienced a surge in liquidity around $138, with a sharp increase in trading volume, indicating a false bearish breakout.
From there, the price rebounded strongly, breaking through the descending channel upward and stabilizing above the $150 level.
The confirmed upward breakout, along with increased participation volume, provides an optimistic outlook for the upcoming week.
If it manages to maintain support above $149-$150, it may advance towards $156 or even $160. However, there is still a chance of a correction towards the upper edge of the channel as a test.
Gold (XAU)
Gold traded sideways this week, moving within a defined channel around the supply area of $1,400 and the active demand area near $1,345.
After reaching a new high (HH) on June 3, the gold metal corrected less forcefully and formed a new lower low (LL), indicating weakness in buying momentum.
Looking ahead to next week, gold's performance will depend on its ability to maintain support at the $1,345 level.
A rebound from the demand area may trigger a new attempt to break out of the channel's ceiling, while a drop below this level could push gold to lower levels, with a potential target around $1,320.
An increase in trading volume as the channel base approaches indicates that buyers are still defending this area.
Mixed signals although slightly positive
The week ended with mixed expectations, with encouraging indicators in assets like Solana and Bitcoin, which reacted strongly from high liquidity areas. In contrast, gold remains more neutral, stuck in a range that has yet to determine its direction.
In the upcoming week, if the current supply levels are broken, we may witness bullish momentum in Bitcoin and Solana. As for gold, it will depend on economic data and its ability to support demand.
Key Economic Events (June 9-14, 2025):
Federal Open Market Committee (FOMC) Meeting - Interest Rate Decision (Wednesday, June 11)
U.S. Consumer Price Index (CPI) (Thursday, June 12)
U.K. Labor Market Data (Tuesday, June 10)
Industrial Production in the Eurozone (Friday, June 13)
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