Pionex: Bitcoin Latest Market Analysis on June 3

Article Published on June 3, 2025 - 0:10

The current price of Bitcoin is 104,400. The market is in a downward trend, with the K-line entangled near the short-term and mid-term moving averages. However, there is significant overall downward pressure. Therefore, Pionex's short-term analysis indicates a cautious market sentiment. Although the overall trading volume is low and shows weakness, the expansion of the green momentum bars in the MACD indicator and the downward pressure from the short-term moving averages suggest that bearish forces are dominant.

From the K-line pattern, recent formations of the Morning Star and Bullish Engulfing patterns may lead to a brief rebound. However, overall, the rebound potential is limited. In the long term, the continuous downward trend and the gradual flattening of the long-term moving averages indicate a bearish outlook. Thus, Pionex recommends holding a short position or, for those considering entering the market, waiting for further confirmation of a bottoming signal before entering. Currently, it is not advisable to take risks by chasing long positions during this weakening fluctuation. For those already holding long positions, it is advisable to monitor the short-term rebound situation.

Today's Reference Points:

• Long Entry Point: 103,000, Stop Loss: 102,500, Target: 105,500
• Short Entry Point: 106,000, Stop Loss: 106,500, Target: 104,000

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 2,540. The market is clearly in a downward trend, and this reason does not need further explanation. In the short term, the market is in a phase of fluctuating rebounds. The formations of the Morning Star and Rounded Bottom patterns, along with the recent upward momentum, have strengthened rebound expectations. However, overall momentum remains weak, and future trends need to focus on whether key resistance levels can be broken and sustained volume can be achieved. Therefore, Pionex suggests attempting light positions for short-term operations and following the trend for long positions in a swing trade. Defensive strategies should consider risk avoidance to avoid participating in potential downward swings.

Short-term Strategy Reference:

• Long Entry Point: 2,450, Stop Loss: 2,400, Target: 2,550
• Short Entry Point: 2,600, Stop Loss: 2,650, Target: 2,500

The above is a brief analysis by Pionex regarding the current market situation for investors' reference. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights and hopes to help others with dreams find their place in this unpredictable market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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