Pionex: Latest Bitcoin Market Analysis on June 1

Article Published on June 1, 2025 - 0:10

The current price of Bitcoin is 104,500. Pionex has set a short position target at 103,000 for everyone to review. Without further ado, let's look at how to position ourselves in light of the downward trend in the market. Currently, the K-line is being suppressed by the trend line below the MA7 and MA30. The market is showing initial signs of a rebound, indicating that bulls are attempting to reverse the situation, but the momentum has not yet fully released. We still need to pay attention to key support and resistance levels. Therefore, Pionex believes that in the short term, the main force is trying to rebound upwards. The hammer line and bullish engulfing pattern suggest possible reversal signals, while the MACD also shows signs of a golden cross, indicating that bullish strength is gradually increasing. However, due to the overall weakness of the market, the rebound strength may be limited, and there is a risk of encountering resistance and falling back. Thus, Pionex suggests that aggressive traders can participate in short-term rebound opportunities with a light position, while conservative traders should wait for the price to break through the MA30 and the red downward trend line resistance before considering entry.

Today's Reference Points:

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

Latest Ethereum Market Analysis

Before publication, the current price of Ethereum is 2,535. Pionex did not choose to go long at 2,500 but opted to wait for another bottom test. The downward trend in the market is evident, especially after reaching the high point of 2,790, where the main force took profits. Currently, it is operating below both short-term and medium-term moving averages. Although there has been some rebound recently, the strength is weak, and it has not yet broken through the key moving average resistance. In the short term, bearish strength is weakening, so the rebound space may be limited. In the medium term, the overall downward trend continues, and the bearish arrangement remains. A rebound needs to break through key resistance levels like the MA30 to change the overall downward trend. Therefore, Pionex suggests that those who have already gone short can continue to hold and pay attention to the MA30 key resistance level. If it does not break, continue to hold. For those looking to go long, it is recommended to wait for a golden cross of the moving averages or for the price to break through the 2,600 level before considering building a position. Pionex leans towards short-term trading, with quick entries and exits.

Short-term Trading Ideas:

• 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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