📊 Bitcoin Technical Analysis – June 1, 2026
⏱ Daily + 4 Hours
Price: **$68,500** after a rally from $60,000. Facing major resistance.
Critical Levels:
· Resistance: 70,000$ (psychological) - 72,800$ (May high)
· Support: 66,800$ (MA50) - 64,500$ (Fib 0.382) - $60,000
Indicators (Daily):
· MA50 above MA200 → bullish
· RSI 58 (neutral)
· MACD showing weakening bullish momentum
· Volume below average → lack of enthusiasm
4-Hour Candlesticks: consecutive Doji → indecision.
Scenarios:
✅ Bullish: Breakout at 70,000$ → 72,800$ then $75,000
❌ Bearish: Breakdown at 66,800$ → 64,500$ then $60,000
Recommendation: Trader: short near 69,800$ / buy from $67,000. Investor: wait for a breakout at 70k or a bounce at 64.5k. Risk 2%.
Upcoming Events: Thursday (Fed interest) and Monday (CPI inflation).
📌 Summary: Bitcoin is at a critical juncture. Watch 70,000$ and $66,800.
⏱ Daily + 4 Hours
Price: **$68,500** after a rally from $60,000. Facing major resistance.
Critical Levels:
· Resistance: 70,000$ (psychological) - 72,800$ (May high)
· Support: 66,800$ (MA50) - 64,500$ (Fib 0.382) - $60,000
Indicators (Daily):
· MA50 above MA200 → bullish
· RSI 58 (neutral)
· MACD showing weakening bullish momentum
· Volume below average → lack of enthusiasm
4-Hour Candlesticks: consecutive Doji → indecision.
Scenarios:
✅ Bullish: Breakout at 70,000$ → 72,800$ then $75,000
❌ Bearish: Breakdown at 66,800$ → 64,500$ then $60,000
Recommendation: Trader: short near 69,800$ / buy from $67,000. Investor: wait for a breakout at 70k or a bounce at 64.5k. Risk 2%.
Upcoming Events: Thursday (Fed interest) and Monday (CPI inflation).
📌 Summary: Bitcoin is at a critical juncture. Watch 70,000$ and $66,800.