Daily Bitcoin and Crypto Market Analysis – 2025-06-03

Disclaimer: This market analysis is generated by AI based on historical BTC data and sentiment indicators. Use it as a reference, not financial advice.

Market Analysis

Over the past five days, Bitcoin (BTC/USDT) has traded within a relatively narrow range, remaining comfortably inside its long-term sideways channel between 85,000 and 110,000. Although there was an attempt to break above the 111,000 mark, the price quickly retreated back into the range, reflecting a market condition that oscillates between neutral and mildly bullish. The 7-period RSI fluctuated between 35 and 48, staying below or near the midpoint of 50, indicative of a market that is somewhat weak yet maintaining a neutral stance. Notably, a dip in the RSI on May 30 signaled temporary selling pressure. Similarly, the 14-period Money Flow Index hovered between 46 and 54, suggesting a balanced inflow and outflow of capital without aggressive buying or selling momentum.

Momentum indicators also pointed to a cooling of bullish strength. The MACD declined from 3006 on May 29 to 1788 by June 2, signaling a reduction in upward momentum, though without clear signs of a full reversal. Trading volume and the number of trades decreased, especially on May 31 and June 1, highlighting waning market interest and growing uncertainty among participants.

From a technical standpoint, Bitcoin’s price largely oscillated near the middle Bollinger Band, reflecting subdued volatility and indecision. The daily close on June 2 settled around 105,857, slightly below the midline of 106,385, with attempts to reach the upper band near 111,106 proving unsuccessful. A liquidity cluster between 110,000 and 113,000 continues to serve as a strong resistance zone, making it challenging for prices to break through this ceiling. On the downside, support levels are identified in three ranges: S1 between 103,985 and 103,105; S2 spanning 96,945 to 90,056; and S3 from 87,325 down to 86,310. Should the price breach S1 support, S2 is likely to provide a secondary buffer, with S3 representing a robust defensive zone. The psychological support at 100,000 remains a critical threshold for market participants. Resistance is anchored between 106,133 and 109,434 (R1), with the key psychological resistance at 110,000 validated by recent price behavior, underscoring the difficulty in surpassing this level.

Sentiment metrics have shown a cooling after a phase of strong greed. The Fear and Greed Index reached approximately 74 on May 29, indicating near-extreme greed, but slid down to 64 by June 2, reflecting a shift toward more cautious sentiment and subdued buying activity. The funding rate has remained steady at 0.000045, while open interest has declined by about 0.89%, pointing to a contraction in market liquidity and possibly a reduction in speculative engagement. Furthermore, geopolitical developments—such as Russia’s approval of crypto derivatives and recent U.S. trade court rulings—have injected additional uncertainty and risk aversion into the market, encouraging investors to shift toward traditional safe-haven assets like gold.

Institutional interest in Bitcoin continues to provide a foundation of long-term confidence, even as short-term price fluctuations and range-bound trading persist. In summary, Bitcoin currently exhibits a neutral to mildly bullish posture within the established range, facing stiff resistance between 110,000 and 113,000, while support remains solid around 103,000 to 104,000. Given the prevailing geopolitical tensions and market uncertainties, short-term volatility may increase, but strong fundamentals and institutional participation should help stabilize prices over the longer horizon. Investors are advised to closely monitor technical indicators and global news flow to timely respond to potential breakout or breakdown scenarios within this trading range.

Data Summary

• 2. Prices:
  Open: 105642.93000000
  High: 105935.63000000
  Low: 103659.88000000
  Close: 105857.99000000
• 3. Last 5 days’ closing prices:
  2025-05-29: 105589.75000000
  2025-05-30: 103985.48000000
  2025-05-31: 104591.88000000
  2025-06-01: 105642.93000000
  2025-06-02: 105857.99000000
• 4. Volume:
  BTC: 13453.9881
  USD: $1409004206.9864
• 5. Number of trades:
  2997656
• 6. Indicators:
  RSI: 48.0100
  MFI: 52.9700
  BB Upper: 111106.96000000
  BB Lower: 101663.63000000
  MACD: 1788.28000000
  Signal: 2681.55000000
  Histogram: -893.27000000
• 7. Moving Averages:
  SMA:
  7=106055.43000000
  14=107435.53000000
  21=106385.29000000
  30=104497.31000000
  50=99023.69000000
  100=91861.05000000
  200=94914.61000000

  EMA:

  7=105996.73000000
  14=106069.56000000
  21=105227.10000000
  30=103664.18000000
  50=100446.78000000
  100=96193.81000000
  200=90694.15000000

  HMA:

  7=105181.91000000
  14=104546.15000000
  21=106020.78000000
  30=108089.52000000
  50=110451.41000000
  100=109277.12000000
  200=95739.62000000
• 8. Supports:
  S1: 103985.48000000 – 103105.09000000
  S2: 96945.63000000 – 90056.17000000
  S3: 87325.59000000 – 86310.00000000
• 9. Resistances:
  R1: 106133.74000000 – 109434.79000000
• 10. Psychological Support:
  100000.00000000
• 11. Psychological Resistance:
  110000.00000000
• 12. Funding Rate:
  0.0045%
• 13. Open Interest:
  82804.4160
• 14. Fear & Greed Index:
  64 (Greed)