Crypto Circle Academician: A short-term rebound in Bitcoin on June 1 does not equal a reversal! Are your long positions stuck? Don't worry, the opportunity to break free is coming! Latest market analysis

CN
3 days ago

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you stay in the game. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my followers financial freedom by 2025. Let's work hard together!

Crypto Circle Academician: June 1, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 104,700. It is now 1 AM Beijing time. Starting today, I won't discuss the idea of shorting above 110,000. The market has dropped to a low of 103,000, and most crypto friends have already taken profits. Only a few still have some positions left. You can review the content from the 27th to see how I chose my entry and exit points, marking a perfect conclusion for May. As for today's strategy, I will discuss where friends who haven't entered can do so, how to defend, and how to set risks.

Before publishing, the daily K-line reached a high of 104,850 and a low of 103,050. The daily K-line has behaved as expected, testing the EMA30 support at 103,300 before starting to rebound. The EMA15 trend resistance level is 106,000, which needs to be closely monitored. The MACD continues to show a bearish trend with decreasing volume, and the DIF and DEA have formed a dead cross at a high level, maintaining a downward expansion trend. The middle track of the Bollinger Bands has a resistance level at 106,200, while the lower track support is at 101,200. Whether it can effectively break through will determine whether to go long or short.

In the four-hour K-line, we can see that the EMA trend indicator maintains a strong bearish trend. The double lines have formed a dead cross and are expanding downwards, with a contraction in the market. A pullback presents an opportunity to go short. Pay attention to the first trend crossover point at 105,350 and the second crossover point at 106,200. The MACD shows reduced volume, and there is strong resistance for short-term bulls, so I do not recommend going long. The DIF and DEA are contracting, and the K-line has pulled back from the lower track to around the middle track at 105,800. Overall, the bearish sentiment is stronger than the bullish sentiment, and I suggest focusing on shorting at high levels, temporarily not considering going long until a deeper bottom is reached.

Short-term reference: The market is never 100% certain, so always set stop losses. Safety first; small losses and big gains are the goal.

For going long, the entry point is between 101,500 and 101,000, with a defense at 100,500 and a stop loss of 500 points. The target is 102,500 to 103,500, with a breakout target of 104,500.

For going short, the reference point is between 105,500 and 105,000, with a defense at 106,000 and a stop loss of 500 points. The target is 104,000 to 103,000, with a breakout target of 102,000.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, so the suggestions are for reference only, and risks are to be borne by you.

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are to be borne by you. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The Academician also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. The way of heaven rewards diligence, the way of the earth rewards goodness, the way of humanity rewards sincerity, the way of business rewards trust, the way of industry rewards excellence, and the way of art rewards heart. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Crypto Circle Academician wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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