Cryptocurrency Circle Liying: Bitcoin volatility intensifies at 6.4, a short-term surge may be on the way! Will Ethereum continue to rise if support holds? Latest market analysis

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3 days ago

Liying in the Crypto Circle: Latest Bitcoin Market Analysis on June 4

Article Published on June 4, 2025 - 0:10

The current price of Bitcoin is 106,700. Liying has observed that the market momentum is gradually strengthening but has not yet formed a sustained trend. The candlestick patterns, indicator analysis, and volume changes indicate that market sentiment is leaning towards optimism in the short term, with some rebound potential. Liying believes the market is likely to continue its upward momentum and suggests that aggressive traders may consider making small, exploratory purchases near the current price, targeting the resistance level around 112,000. At the same time, they should set a dynamic stop-loss to monitor subsequent volume and price changes. More conservative traders are advised to wait for a price breakthrough above the important resistance level of 112,000 before increasing their positions, confirming the trend before following it. Technically, the candlestick pattern of "Dark Cloud Cover" has appeared near recent highs, which may indicate short-term correction risks; however, the emergence of the "Three White Soldiers" pattern at the bottom suggests potential for further upward movement. In the short term, the bullish sentiment is quite evident, with a primary focus on long positions supported by short positions.

Today's Reference Points:

  • Long Entry: 104,500, Stop Loss: 104,000, Stop Loss Distance: 500 points, Target: 106,500
  • Short Entry: 108,000, Stop Loss: 109,000, Stop Loss Distance: 500 points, Target: 106,500

Latest Ethereum Market Analysis

Before publication, the current price of Ethereum is 262. The market is showing a trend of oscillating upward, with short-term bullish momentum slightly increasing. Therefore, Liying's short-term analysis indicates that the MACD indicator shows a golden cross pattern, and bullish momentum is gradually strengthening, suggesting the possibility of further price increases in the short term. However, caution is advised regarding the correction risks brought by the oscillating top patterns, especially near the previous high of 2789, which may form strong resistance. Liying suggests that this stage is suitable for buying on dips, paying attention to short-term support levels. If the price breaks through the resistance level of 2789, it may be considered to increase positions to respond to a new round of upward trends. Liying reminds that if the price falls below the moving average support, decisive stop-loss actions should be taken, and one should wait for the price to stabilize before proceeding with further operations.

Short-term Trading Reference:

  • Long Entry: 2500, Stop Loss: 2450, Stop Loss Distance: 30 points, Target: 2600
  • Short Entry: 2660, Stop Loss: 2700, Stop Loss Distance: 30 points, Target: 2500

The above is a brief analysis by Liying regarding the current market conditions for investors' reference. Over the past ten years, Liying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Liying 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, Liying feels a responsibility to share her insights, hoping to assist others with dreams in finding their place in this ever-changing market and embarking on their own successful journeys.

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

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