• Latest Price: BTC is approximately $105,460–$106,036 (daily fluctuation around $104,300–$106,400)  . • Pattern Strategy: The flag consolidation on the daily and weekly charts has been broken, and a 'golden cross' has appeared in the short term. The X-line structure is bullish, and technical indicators such as RSI and MACD are in a bullish but slightly overheated state.
In early 2025, the Vietnamese government accelerated the advancement of its cryptocurrency policies, clearly incorporating digital assets into the regulatory framework. Prime Minister Pham Minh Chinh issued a directive in March, instructing the Ministry of Finance and the State Bank of Vietnam to formulate detailed regulations by the end of March, including KYC/AML mechanisms, sandbox pilot programs, trading licenses, and tax arrangements.
Currently, although using cryptocurrency as a means of payment remains illegal, 'holding and trading' is not prohibited by law. The introduction of this policy aims to encourage the development of local cryptocurrency enterprises, attract blockchain investments, and fill tax gaps.
As one of the leading countries in global cryptocurrency adoption (with users accounting for about 21% and trading volume exceeding $120 billion), Vietnam hopes that clear regulations will make it a standout market for digital assets in Southeast Asia. However, the regulatory path still needs to strike a balance between promoting innovation and preventing risks, with future sandbox policies and exchange licenses being critical points.
1. Key Support: $103 K–$104 K, if it breaks down, caution is needed for further pullback. 2. Resistance Area: If it breaks through $106 K–$108 K, it will open up opportunities to challenge $110 K–$112 K. 3. Mid-term Target: If the market successfully breaks through, analysts predict it may challenge the $120 K–$150 K level in the second half of the year. 4. Trading Advice: In the short term, seek to enter in batches during pullbacks, and in the medium term, position near support, emphasizing fund management and balanced position allocation.
📊 Technical Structure • Support Area: Located at $0.63–$0.67. If it cannot hold, it may retrace to the $0.60–$0.62 range . • Resistance Points: Initially focus on $0.68–$0.70, if successfully突破, the next target is $0.75, then look towards above $0.80 . • Chart Trend: The weekly chart shows 'Bullish Engulfing' and 'Wedge Bottom' signals, indicating a medium-term bullish structure.
⚠️ Risk Factors • Short-term trend is weak, early June saw a decline of over 6%, indicating the market is temporarily under pressure . • Activity and developer interest are weakening, which may affect long-term upward momentum.
📝 Operation Suggestions • Short-term Strategy: Can layout positions near $0.63–$0.64, set stop loss below $0.62; watch for a breakout in the $0.68–$0.70 range, if volume increases, add positions. • Mid-term Layout: If it breaks above $0.70 and stabilizes, look towards $0.80–$0.85. If it breaks key support, it is advised to adopt a cautious wait-and-see approach.
Observation Points Support 1 US $2,500–2,550 Lower edge of the channel + 21-day moving average, if lost may test US $2,275 Support 2 US $2,275 Previous breakout level and 0.382 Fibo retracement converge Resistance 1 US $2,925 Weekly box top; if sustained with increased volume, may test US $3,150–3,500 Resistance 2 US $3,000+ Rounded bottom neck line, needs fundamental catalyst for breakthrough
$BTC 1. Approaching Historical Highs BTC price is nearing the historical high of $111,000–$112,000, with institutional buying driving the market forward. 2. Capital Flow and Volatility Despite recent profit-taking corrections, the market shows low volatility and maturity, with continued institutional participation. 3. Macroeconomic and Policy Support Factors such as inflation reduction, easing expectations, and trade negotiations support Bitcoin's upward trend.
• BTC price is consolidating around $105,000, with short-term fluctuations. Bullish momentum appears slightly weak, but the overall trend remains bullish. The weekly chart shows a 'bullish engulfing' pattern, indicating further potential upward movement. • Resistance is at $106,000–$107,000. If突破, it may challenge $112,000–$118,000; if it falls back, $100,000–$102,000 serves as short-term support.
Currently, high-level negotiations are taking place between China and the United States in London and Geneva. A preliminary agreement was reached in early May, where both sides agreed to suspend significant tariffs for 90 days and reduce them to around 10%. This round focuses on export controls, rare earth exports, advanced semiconductors, and technology issues, indicating a shift from tariff discussions to structural topic negotiations. The market is buoyed by confidence in the negotiations, with sectors such as technology, energy, and cryptocurrencies rebounding, reflecting an increase in risk appetite. Investors should continue to monitor the progress of the agreement's implementation and the outcomes of the negotiations.
Candlestick charts are used to display price trends in financial markets and are widely applied in stocks, forex, and cryptocurrency markets. Each candlestick represents price fluctuations over a certain time period and includes the following four pieces of information: 1. Opening Price: The price at the beginning of the candlestick. 2. Closing Price: The price at the end of the candlestick. 3. High Price: The highest price during that time period. 4. Low Price: The lowest price during that time period.
Candlesticks have two colors: • Bullish Candle (green or white): The closing price is higher than the opening price, indicating a market increase. • Bearish Candle (red or black): The closing price is lower than the opening price, indicating a market decrease.
The combination patterns of candlesticks can help traders analyze market trends and predict future movements.
In cryptocurrency trading, common mistakes made by beginners include chasing highs and panic selling, blindly following trends, and neglecting stop-loss settings. Many investors rush into the market when sentiment is high, resulting in buying at peak prices, and once the market drops, they panic sell, leading to losses.
Secondly, neglecting risk control and position management is also a common issue. Betting the entire amount on a single cryptocurrency or over-leveraging can lead to liquidation during extreme volatility.
Additionally, relying too much on community or KOL information, and lacking independent judgment, can easily lead to FOMO (fear of missing out) or falling for scams.
To become a rational trader, one should establish a clear strategy, strictly implement profit-taking and stop-loss measures, and continuously learn about the market. Avoiding common mistakes is the key first step towards achieving long-term profitability.