Pattern: The chart shows range-bound movement with a fakeout to the upside, followed by a pullback. This suggests uncertainty or a potential setup for the next breakout.
As of June 6, 2025, Bitcoin ($BTC ) is trading at approximately $103,038 USD, reflecting a 1.56% decrease over the past 24 hours.
Stock market information for Bitcoin ($BTC )
Bitcoin is a crypto in the CRYPTO market. The price is 103038.0 USD currently with a change of -1629.00 USD (-0.02%) from the previous close. The intraday high is 105888.0 USD and the intraday low is 100781.0 USD.
📉 Market Overview
24-Hour Range: $100,781 – $105,888
Market Cap: Approximately $2.04 trillion
24-Hour Trading Volume: Around $60.9 billion(tradingview.com, bitdegree.org, binance.com)
Bitcoin has experienced a pullback from its all-time high of over $111,000 recorded in May, indicating a phase of market consolidation. (tradingview.com)
📰 Recent Developments
Market Volatility: A public feud between Elon Musk and Donald Trump has contributed to market instability, leading to significant liquidations in the crypto market. (cointelegraph.com)
Institutional Activity: Trump Media and Technology Group has filed for a Bitcoin exchange-traded fund (ETF), signaling increased institutional interest in cryptocurrency investments. (marketwatch.com)
Technical Indicators: The Bitcoin Hash Ribbons metric has delivered its third 'buy' signal of 2025, suggesting potential bullish momentum. (tradingview.com)
🔍 Technical Perspective
Analysts note that the current Bitcoin bull cycle differs significantly from those in 2017 and 2021, with less euphoric sentiment and more measured price movements. (tradingview.com)
As of June 5, 2025, Wallet Connect Token ($WCT ) is trading against Tether (USDT) on Binance at approximately $0.4487, reflecting a decrease of 8.64% from the previous close. Key Market Data:24-Hour Range: $0.4487 – $0.4945
24-Hour Trading Volume: Approximately $164 million
Market Capitalization: Approximately $83.6 million
Circulating Supply: 186.2 million $WCT
All-Time High: $1.39 (May 30, 2025)
All-Time Low: $0.20 (April 15, 2025)
Technical Overview: After reaching its all-time high of $1.39 on May 30, WCT has experienced a significant correction, currently trading around $0.4487. This represents a decline of approximately 67.7% from its peak. The recent price action suggests increased volatility, with a 24-hour trading range between $0.4487 and $0.4945. Trading Strategy: Please note that trading cryptocurrencies involves significant risk, and it's essential to conduct your own research or consult with a financial advisor before making trading decisions. Long Position (Buy): Entry Point: $0.4500
Take Profit (TP): $0.5000
Stop Loss (SL): $0.4300
Short Position (Sell): Entry Point: $0.4400
Take Profit (TP): $0.4000
Stop Loss (SL): $0.4600
Risk Management:Risk/Reward Ratio: Aim for a ratio of at least 1:2 to ensure that potential profits outweigh potential losses.
Position Sizing: Determine the amount to invest based on your risk tolerance and the size of your trading account.
Diversification: Avoid allocating all your capital to a single trade or asset.
Market Sentiment: The recent decline in WCT's price indicates a bearish sentiment in the short term. However, the token's fundamentals and previous performance suggest potential for recovery. Monitoring market news, project developments, and broader cryptocurrency market trends will be crucial in assessing future price movements.
🟢 Long Setup: Bounce from Support🔹 Entry:$0.6750 – $0.6770 USDC (Entering near current price, just above support)🔹 Stop Loss (SL):$0.6580 USDC (Below recent swing low; breaks structure if hit)🔹 Take Profit (TP):$0.7150 – $0.7200 USDC (First significant resistance area before next potential drop)📊 Risk/RewardRisk = $0.6770 – $0.6580 = $0.0190
Reward = $0.7150 – $0.6770 = $0.0380
Risk/Reward = 1:2.0
✅ This is a solid R:R ratio for a short-term swing. Consider scaling out at $0.705 and letting a portion ride to $0.720 if momentum continues.🔻 Alternative Short Trade (if support fails):🔹 Entry:$0.6600 (Breakdown confirmation)🔹 SL:$0.6750 (Back inside range = invalidation)🔹 TP:$0.6200 (Next demand zone based on prior structure)Use this only if a strong bearish candle breaks below $0.660 with volume.
🟢 Long Trade Setup (Buy)🔹 Entry Point:$2.50–$2.52 USDC (Current area of consolidation, showing minor recovery after forming a base around $2.40)🔹 Stop Loss (SL):$2.38 USDC (Below recent local support and the recent swing low)🔹 Take Profit (TP):$2.85 USDC (Retest of the last major resistance zone, aligns with previous high before last drop)📊 Risk/Reward RatioRisk = $2.52 - $2.38 = $0.14
Reward = $2.85 - $2.52 = $0.33
R:R = ~1:2.35 → a favorable risk/reward
🔍 Trade Analysis: $NEAR has bounced off a short-term bottom near $2.35–$2.40.
Price is now ranging between $2.48–$2.52, which may act as a demand zone.
A bullish push above $2.60 could confirm further upside momentum.
You might consider scaling in near $2.50 and adding more on confirmation above $2.60.
🔻 Optional Short Setup (if price rejects)If $NEAR fails to hold $2.50 and breaks down: Short Entry: ~$2.48
TP: $2.35
SL: $2.58
Use only with confirmation of breakdown (e.g., large red candle with volume).
$AGLD 🟢 Trade Setup: Long Position (Buy)🔹 Entry Point:0.8750 USDT (near current price, showing short-term strength after a recovery from the recent dip)🔹 Take Profit (TP):0.9500 USDT (near previous resistance area; tested before last sharp drop)🔹 Stop Loss (SL):0.8350 USDT (below recent support zone and just above the last consolidation level)📊 Risk/Reward RatioRisk = Entry (0.8750) - SL (0.8350) = 0.0400
Reward = TP (0.9500) - Entry (0.8750) = 0.0750
Risk/Reward Ratio = 1:1.87
✅ Acceptable trade for swing or short-term position traders.🔍 Trade Notes:Trend appears to be recovering after a higher low formation.
Ideal for a bounce trade after the recent bottom near 0.70.
Volume spike and wick to the upside suggests bullish intent, but confirm with volume and price action.
As of June 5, 2025, the $SOL /USDT trading pair is exhibiting the following market data:Binance-Peg SOL (SOL)$152.74-$3.71(-2.37%)Today📊 Market Overview Current Price: Approximately $152.74 per SOL
24-Hour High: $157.65
24-Hour Low: $151.87
24-Hour Trading Volume: Significant activity observed, indicating high liquidity
$BTC (BTC) Bitcoin is a crypto in the CRYPTO market. The price is 104704.0 USD currently with a change of -1100.00 USD (-0.01%) from the previous close. The intraday high is 105804.0 USD and the intraday low is 104505.0 USD. As of June 5, 2025, Bitcoin (BTC) is trading at approximately $104,704, marking a slight decline of about 1% over the past 24 hours. The day's trading has seen BTC fluctuate between a high of $105,804 and a low of $104,505. Market Overview Recent market movements indicate a period of consolidation for Bitcoin. After reaching an all-time high of over $111,000 in May, BTC has experienced a pullback, with current prices hovering just above the $100,000 mark. This retracement is attributed to profit-taking by large holders and a general cooling of bullish momentum. Technical Indicators 50-Day Simple Moving Average (SMA): Bitcoin's 50-day SMA has reached a record high, suggesting a strong underlying trend. However, the narrowing gap between the spot price and the SMA indicates potential for a price correction.
Support and Resistance Levels: Analysts identify key support around $100,295, with resistance near $107,245. A break below the support could signal further downside, while surpassing the resistance may reignite bullish momentum.
Future Outlook Despite short-term volatility, some experts remain optimistic about Bitcoin's trajectory. Factors such as institutional adoption and macroeconomic conditions could propel BTC to new highs. Projections suggest potential targets of $120,000 to $125,000 in the coming months, with year-end estimates ranging between $150,000 and $200,000.
As of June 4, 2025, Ethena ($ENA ) is trading at approximately $0.3304, experiencing a slight decline of about 4.88% over the past 24 hours. Technical Overview: Resistance Levels: $0.36 (100-day SMA), $0.38, and $0.434.
Support Levels: $0.25 (20-day SMA), $0.326, and $0.259.
Relative Strength Index (RSI): Approximately 69.99, indicating that ENA is approaching overbought territory, which may suggest a potential risk of correction.
Moving Averages:
20-Day SMA: $0.25 (Buy signal)
50-Day SMA: $0.27
100-Day SMA: $0.36 (Resistance)
MACD (12,26): Value of 0.01483, suggesting neutral momentum with potential for either continuation of the upward trend or consolidation.
Bollinger Bands: Price is nearing the upper range, signaling increased volatility. A breakout could push prices higher, but caution is advised as it approaches key resistance levels.
Based on the updated $ETH /USDT, ⚠️ Context: Price: ~$2,610.44
Trend: Short-term bearish pressure — several red candles in a row.
Support Area: Around $2,600 and then $2,588 (from previous chart’s Bollinger Band).
Resistance: $2,630–$2,648 range (recent highs).
📉 Trade Setup: Short Position Entry: ~$2,610
Target (TP): $2,588 – This was a previous support level.
Stop Loss (SL): $2,620 – Just above local resistance and wick rejections.
💡 This trade idea bets on short-term continuation down to support.
🛑 Alternative (Aggressive Long Setup): If you're expecting a bounce from $2,600: Long Entry: ~$2,600
TP: $2,630
SL: $2,588
🧠 Strategy Note: You're in a consolidation zone between $2,588–$2,648. A breakout trade might offer more reward than ranging scalps. Consider waiting for: Break above $2,648 → Long.
🚀 $PENDLE / USDT – Soaring with Momentum! 🚀 📌 Current Price: $4.146 (+4.07%) 📈 $PENDLE is building strength, reclaiming bullish momentum on the 30M chart, setting the stage for a powerful breakout! 🔹 Key Levels: Resistance: $4.22 Support: $3.95 Breakout Level: $4.10 ⚡ Trade Setup: 🎯 Entry Zone: $4.05–$4.15 ✅ Target 1: $4.30 ✅ Target 2: $4.48 ✅ Target 3: $4.75 🚨 Stop Loss: $3.92 📊 Market Pulse: Higher lows reinforcing uptrend strength 🔥 Bullish engulfing candle signaling strong demand Breakout continuation likely—watch for retest at $4.10 💡 Pro Tip: Patience is key! A minor retest near $4.10 could be the perfect opportunity for confirmation before taking off! 🔥 Momentum is surging—DeFi's energy is back in full force! Are you ready to ride the wave? 🚀