Ethereum Wave Analysis – 5 June 2026

- Ethereum broke strong support level 1735.00

- Likely to fall to support level 1400.00

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Bitcoin Wave Analysis – 5 June 2026

- Bitcoin broke support level 60000.00

- Likely to fall to support level 55000.00

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🗓 Economic Calendar at 2026/06/07 (GMT)

09:00 All OPEC-JMMC Meetings

09:00 All The Organization of Petroleum Exporting Countries (OPEC) Meetings


[Updated in real time]

Will Bitcoin’s historic $60K support hold?

The crypto market capitalisation has lost 12.5% over the past seven days. However, the sharp sell-off that began in June paused on Friday near the $2.05T level, and the market has now rebounded to $2.16T at the time of writing.

At the end of last week, Bitcoin fell below the 200-week moving average and the $60K round figure. At present, bulls are hopeful they have halted the decline below the historical support level that paused selloffs during the bear market of 2017–2020. Later, in 2022–2023, the price dipped as much as 30% below this line, but there was a clear increase in buying on dips. Clearly, optimists are trying to seize the chance to buy the leading cryptocurrency for less than half the price reached between July and October last year.

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Nasdaq: the beginning of the correction?

Stock indices reacted negatively to the Fed’s rate hike.

The dollar was once again boosted by escalating geopolitical tensions.

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🇺🇸 US Pre-Market: Mostly Positive 📈

The US stock market is showing positive momentum in pre-market trading.

In the Information Technology sector, NVIDIA (NVDA) is up 2.60%, Advanced Micro Devices (AMD) is up 3.94%, while Microsoft (MSFT) is down 0.27%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.44%.

In the Financials sector, JPMorgan Chase (JPM) is up 0.11%, while Bank of America (BAC) is down 0.13%.

With gains prevailing among the largest companies by market cap, signs of risk appetite are emerging. Demand for the dollar as a safe-haven asset is limited in this environment, keeping its short-term trend in a neutral range with no clear catalysts for appreciation.

Bitcoin Wave Analysis – 8 June 2026

- Bitcoin reversed from powerful support level 60000.00

- Likely to rise to resistance level 65000.00

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Binance Coin Wave Analysis – 8 June 2026

Binance Coin: ⬆️ Buy

- Binance Coin reversed from strong support level 575.50

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🗓 Economic Calendar at 2026/06/09 (GMT)

02:32 🇨🇳 Trade Balance — Exp: 92.1B | 625B Actual: 105.4B | 724B

12:30 🇺🇸 Trade Balance — Exp: -56.2B Actual: -55.9B

12:30 🇨🇦 Trade Balance — Exp: 2.5B Actual: 2.7B

14:00 🇺🇸 Existing Home Sales — Exp: 4.08M Actual: 4.17M | 3.2%

16:30 🇪🇺 ECB President Christine Lagarde Speaks


[Updated in real time]

Crypto Market Rebounds from Its Worst Oversold Conditions Since 2020

The crypto market capitalisation has risen by 1.3% over the past 24 hours to $2.18 trillion. With no fresh downward momentum, bears are taking profits, while some investors view the situation as a good opportunity for long-term positions. On daily timeframes, the RSI is recovering and entering neutral territory after the most severe oversold conditions since 2020. Among the top-performing coins of the day were BAT (+13%), NEAR (+7%) and ZEC (+6.5%). The underperformers were BCH (-6.1%), TRX (-0.6%) and UNI (+0.2%).

Bitcoin rebounded to $63.2K, moving away from Friday’s lows of $59K. Technically, a recovery up to $68K could be viewed as a rebound from the downward momentum seen between 11 May and 5 June. On the other hand, a sustained rebound over this period would confirm a bounce off the 200-week moving average and bring the leading cryptocurrency out of oversold territory, which would be a different narrative altogether. It is quite possible that this situation will be a very close analogy to 2020, when a couple of months of recovery from the last slump were followed by four months of sideways movement and a subsequent boom.

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Gold: has it bottomed out at $4,300?

Gold is trying to find a bottom, bracing for the US CPI release.

China continues to buy gold for the 19th consecutive month.

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🇺🇸 US Pre-Market: Mixed 📊

Pre-market trading on the US stock market is showing mixed trends, with a slight upward bias.

In the Information Technology sector, NVIDIA (NVDA) is up 0.29%, Advanced Micro Devices (AMD) is up 1.97%, while Microsoft (MSFT) is down 0.21%.

In the Communication Services sector, Alphabet (GOOGL) is up 0.69%.

In the Consumer Discretionary sector, Tesla (TSLA) is up 1.48%, while in the Financials sector, Mastercard (MA) is up 0.06%.

Overall, the pre-market is setting a moderately risk-on tone: interest in equities remains primarily in the technology and cyclical sectors, limiting demand for the dollar as a safe-haven asset. In the short term, this creates a neutral-to-stable backdrop for the USD with no significant momentum for appreciation.