#PORTO made a fresh lower low about two months back, flipping the crucial support zone around $1.00 – $1.07. The price is now heading downward after a trendline breakdown, with a failed flag pattern adding to the bearish pressure. At this point, a pullback is needed before any clear move. Short positions could be considered if weakness persists.
Ethereum is retesting a key resistance level, and a rejection from here is anticipated. The trend remains bearish unless price breaks and holds above the descending trendline. Until then, downward pressure continues ⬇️
Ethereum(ETH) has approached a key resistance level and is showing signs of rejection, while price action remains confined within a range. The market is awaiting a clear breakout to determine its next direction. A confirmed breakout could set the tone for ETH’s upcoming trend. Traders should consider long or short positions based on a validated breakout.
Moscow Exchange to Offer Futures on BlackRock’s Bitcoin ETF (IBIT)
Starting June 4, the Moscow Exchange will begin trading futures contracts linked to BlackRock’s Bitcoin ETF (IBIT). Previously available only to qualified investors, the access restriction has been removed, allowing broader market participation.
Bitcoin has recently broken below the support of a descending triangle formation on the 1-hour chart. This breakdown signals a potential continuation of bearish momentum. Further downside movement could be expected if the price stays below the broken support level.
#MOVE is currently forming a falling wedge pattern, with the price continuing to decline. Looking at historical levels, there’s no strong support visible until the listing price. While the coin holds solid long-term potential, current buy entries don't appear favorable. A new lower low is likely to form before any meaningful recovery.
“Trading well below its peak, indicating a drop in investor enthusiasm,” Thielen said while explaini
Thielen previously predicted Bitcoin’s recent surge to six-figure territory.
MSTR vs BTC (TradingView/CoinDesk)
It's worth noting that a similar divergence between MicroStrategy (MSTR) and Bitcoin coincided with BTC's peak in November 2021.
While historical patterns aren’t guarantees of future outcomes, the current divergence between MSTR and BTC doesn't necessarily signal the end of Bitcoin’s bull cycle.
However, it does point to a cooling sentiment toward BTC among traditional finance investors. At the same time, the MSTR bear put spread may serve as a potential hedge against BTC weakness.
“Bitcoin is setting new highs, but MicroStrategy is lagging—and that divergence is meaningful. Retail investors are still chasing gains, unaware that the major upside might already be behind us. This is the inflection point: when the premium fades and momentum stalls,” Thielen noted.
“Purchasing a put spread on MicroStrategy could yield profits, while also acting as a hedge for those holding long positions in
A $TRUMP memecoin investor who spent approximately $300K on tokens to join Trump’s crypto dinner described the meal as “garbage” and the speech as “nonsense,” claiming even McDonald’s would’ve been a better choice.
#TON is trading within a downward channel pattern, currently positioned above the key support area of $2.60 – $2.78. The overall market appears strong and bullish, with potential long entries near the support zone. It's crucial to observe market sentiment or use extra confirmation, such as the trendline, before making decisions.
#MASK faced a strong rejection from the major resistance zone at $1.90 – $2.03. Currently, it’s sitting on a key trendline that’s supporting its bullish market structure. However, considering the broader market conditions — especially if #BTC drops below $107,000 — there's a possibility that #MASK could move lower as well.
Make your trading decision accordingly based on Bitcoin's movement and overall market sentiment.
#W has shown a strong move from its listing price and is currently forming an accumulation phase. An Inverse Head & Shoulders pattern is developing, with the neckline positioned near a key resistance zone around $0.110 – $0.114.
If the price successfully breaks and holds above this zone, it could present a good opportunity to go long.