🟡 BTCUSD Daily Market Analysis – June 4, 2025

Bitcoin (BTCUSD) is trading at $105,510, reflecting a dynamic market environment. This analysis provides a comprehensive overview of the daily and 4-hour timeframes, utilizing key technical indicators such as Fibonacci Retracement Levels, EMA (Exponential Moving Averages), RSI Divergence, Order Blocks, MACD, and Support & Resistance Levels. Additionally, we’ll explore how upcoming USD news could influence BTCUSD prices.

🔍 Technical Analysis on Daily and 4-Hour Timeframes

1️⃣ Support & Resistance Levels

📅 Daily Timeframe

• Key Support Levels:

  • 🟢 $103,500

  • 🟢 $103,127
    

• Key Resistance Levels:

  • 🔴 $107,000

  • 🔴 $108,500
    

⏱️ 4-Hour Timeframe

• Key Support Levels:

  • 🟢 $104,000

  • 🟢 $103,800
    

• Key Resistance Levels:

  • 🔴 $106,500

  • 🔴 $107,200
    

2️⃣ Fibonacci Retracement Levels

Using the Swing High of $112,000 and the Swing Low of $103,127, the following Fibonacci retracement levels are identified:

• 🔸 23.6% Retracement: $105,000

• 🔸 38.2% Retracement: $106,000

• 🔸 50% Retracement: $107,563

• 🔸 61.8% Retracement: $109,127
  

These levels represent potential zones for price reactions or reversals.

3️⃣ Exponential Moving Averages (EMA)

📅 Daily Timeframe

• 📈 50 EMA: $105,800

• 📈 100 EMA: $106,300

• 📉 200 EMA: $107,000

• 📉 400 EMA: $108,250
  

The price is currently hovering near the 50 EMA, indicating a potential breakout or rejection in the coming sessions.

⏱️ 4-Hour Timeframe

• 📈 50 EMA: $105,400

• 📈 100 EMA: $105,800

• 📉 200 EMA: $106,500

• 📉 400 EMA: $107,800
  

The 4-hour chart shows BTCUSD trading just below the 100 EMA, signaling short-term bearish momentum.

4️⃣ RSI Divergence

📅 Daily Timeframe

• RSI Value: 52

• No significant divergence is observed, but the RSI is trending slightly upward, indicating moderate bullish momentum.
  

⏱️ 4-Hour Timeframe

• RSI Value: 48

• A bullish divergence is forming as the price makes lower lows while RSI trends higher, hinting at a potential reversal in the short term.
  

5️⃣ Order Blocks

📅 Daily Order Blocks

• 🟢 Bullish Order Block: $103,500–$104,000

• 🔴 Bearish Order Block: $107,000–$107,500
  

⏱️ 4-Hour Order Blocks

• 🟢 Bullish Order Block: $104,000–$104,500

• 🔴 Bearish Order Block: $106,500–$107,000
  

Order blocks represent areas where institutional buying or selling is likely to occur, serving as strong support or resistance zones.

6️⃣ MACD Analysis

📅 Daily Timeframe

• The MACD line is trending just above the signal line, with a shrinking histogram, signaling weakening bullish momentum.
  

⏱️ 4-Hour Timeframe

• A bearish crossover is observed, with the MACD line crossing below the signal line. This aligns with the short-term bearish trend seen in other indicators.
  

📌 Key Levels Summary

🔑 Daily Support & Resistance

• 🟢 Support: $103,500, $103,127

• 🔴 Resistance: $107,000, $108,500
  

🔑 4-Hour Support & Resistance

• 🟢 Support: $104,000, $103,800

• 🔴 Resistance: $106,500, $107,200
  

📈 Exponential Moving Averages (EMA)

📅 Daily Timeframe

• 50 EMA: $105,800

• 100 EMA: $106,300

• 200 EMA: $107,000

• 400 EMA: $108,250
  

⏱️ 4-Hour Timeframe

• 50 EMA: $105,400

• 100 EMA: $105,800

• 200 EMA: $106,500

• 400 EMA: $107,800
  

📊 Weekly Pivots

• 🔴 Resistance 1 (R1): $107,500

• 🔸 Pivot Point (P): $105,000

• 🟢 Support 1 (S1): $103,500
  

📊 Daily Pivots

• 🔴 Resistance 1 (R1): $106,500

• 🔸 Pivot Point (P): $105,200

• 🟢 Support 1 (S1): $104,000
  

🔢 Fibonacci Retracement Levels

• 23.6%: $105,000

• 38.2%: $106,000

• 50%: $107,563

• 61.8%: $109,127
  

🌍 Fundamental Analysis & Upcoming USD News

Bitcoin prices are heavily influenced by USD strength and macroeconomic data. Key events to watch this week include:

1️⃣ ADP Employment Change (June 4, 17:45)

• Forecast: 115K | Previous: 62K

• Impact: A stronger-than-expected figure could strengthen the USD, putting bearish pressure on BTCUSD.
  

2️⃣ ISM Services PMI (June 4, 19:30)

• Forecast: 52 | Previous: 51.6

• Impact: A higher-than-expected PMI reading signals economic growth, boosting the USD and potentially weakening BTCUSD.
  

3️⃣ Non-Farm Payrolls (June 7)

• This high-impact event will provide insights into U.S. labor market performance. A strong NFP report could strengthen the USD, leading to bearish sentiment for BTCUSD.

📌 Fundamental Bias: BTCUSD remains under pressure as strong USD data and rising treasury yields increase the opportunity cost of holding Bitcoin. Traders should stay alert for volatility during these key releases.

🎯 Conclusion

BTCUSD is trading at $105,510, showing mixed signals across the daily and 4-hour timeframes. While the daily timeframe suggests moderate bullish momentum, the 4-hour chart indicates short-term bearish pressure. Key levels to watch include $107,000 (resistance) and $103,500 (support).