As of June 6, 2025, the market analysis for BTC on June 6, 2025 is as follows:

Market trend status

- Since the beginning of June, there has been a volatile pattern, with fierce competition between long and short prices at key levels. As of June 5, BTC was tug-of-war around the $105,000 mark, with multiple doji stars on the daily line, small physical columns, and no unilateral market formed; On the four-hour chart, the price has repeatedly rebounded, with the lows moving slightly higher but the highs not breaking the resistance.

Technical Analysis

- Indicator performance: the MACD histogram is positive but the momentum is weakening, the RSI is close to the overbought area, and the upward momentum is insufficient; KDJ has a golden cross indicating short-term oversold rebound momentum, but the overall technical indicator signal is weak in a volatile pattern.
- Support and resistance levels: The short-term support level is around $103,500, and if it is lost, it may fall to $102,000; the resistance level is around $106,000, and a breakout could trigger a strong rise, but a breakout is currently quite difficult.

Fundamental Analysis

- Macroeconomics: The Federal Reserve's Beige Book shows a slight decline in economic activity and moderate price increases, with the market's expectations for interest rate cuts heating up, which may provide liquidity support for cryptocurrencies.
- Policy aspect: Virtual currency transactions are strictly prohibited within China; the US SEC's skepticism about Ethereum staking ETFs may dampen market sentiment, but some states in the US have passed Bitcoin strategic reserve bills, and politicians' attitudes are friendly, indicating a trend of increasing status for Bitcoin as a strategic asset, with policy impacts being uncertain.
- Institutional Trends: The inflow of funds into spot Bitcoin ETFs has slowed, but institutions like Standard Chartered remain optimistic about the long-term outlook; the "Bitcoin whales" strategy has recently bought BTC, signaling a long-term bullish trend, but the overall market lacks new funds in the short term.

Market sentiment and capital flow

- Market sentiment: The battle between bulls and bears is intense, and investors are cautious about future price movements. Implied volatility has dropped to a low level, indicating that significant fluctuations may occur in the near term.
- Capital Flow: BTC continues to flow out of exchanges, and the supply shortage may support long-term prices; however, the 24-hour trading volume has shrunk, the market liquidity is performing generally, and the MVRV is running high, with a large number of holders in profit, which may lead to selling pressure.

Short-term market forecast

In the short term, BTC is likely to maintain a fluctuation range of 103,500 - 105,200 USD. If it breaks through the resistance of 105,200 USD, it is expected to test 106,000 USD; if it loses the support at 103,500 USD, it may further decline.

It should be noted that the cryptocurrency market is highly volatile and risky, with many uncertainties such as policy factors. The above analysis is for reference only and does not constitute investment advice.