The crypto market is facing a stormy start to June 2026. #Bitcoin (BTC) – the 'big brother' of the market – just recorded a significant drop of up to 14% under severe macroeconomic pressure from the US and a wave of massive profit-taking on Binance.
Here’s a detailed technical analysis and the optimal trading strategy setup for Bitcoin during this period.
Current Bitcoin (BTC) Price Today on Binance: BTC is at $61,293 USD (which is about 1,658,635,000 VND, updated in real-time on Binance).
24h Volatility: Down ~2.88%. The price briefly dropped and is fluctuating between $59,131 and $63,124 USD.
Short-term trend: Bearish. The Relative Strength Index (RSI) on the daily candlestick has dropped to 17.4 – an extremely oversold state not seen since March 2026. Despite strong selling pressure, this record low RSI is opening up an opportunity for a powerful technical rebound in the short term.
Bitcoin Trade Setup: Despite the downturn, the price area around the 200-day Moving Average always provides historically promising convergence signals.
Entry Zone:
Entry 1 (Scalping): Buy around $59,500 – $61,000 USD (Taking advantage of the wick pullback at the key psychological support area of $60k).
Entry 2 (Mid-term): Accumulate (DCA) in the range of $53,000 – $55,000 USD (This is the average cost level of major investors, which is considered a "hard bottom" in the history of correction cycles).
Take Profit (TP):
TP1: $63,500 USD (Testing the short-term resistance area just breached).
TP2: $66,800 USD (Area to reset the bullish trend on the H4 chart).
TP3: $72,000 USD (Mid-term target when the market stabilizes sentiment).
Stop Loss (SL): Below $51,800 USD. If Bitcoin closes a daily candlestick below the shark's entry zone ($53k), the mid-term bullish structure for 2026 will be temporarily invalidated.
Market Factors Strongly Affecting BTC Price: To understand the reasons behind this drop and to forecast BTC price, investors need to pay attention to 3 core factors:
Continuous Selling Pressure for 48 Days on Binance. On-chain data from the Net Flow indicator (IE-Adjusted, 7D MA) from CryptoQuant shows a concerning fact: Binance has recorded continuous BTC inflows for the past 48 days. BTC reserves on Binance have surged from 619,529 BTC to 659,488 BTC (an increase of nearly 40,000 BTC). Notably, on June 2nd, inflows peaked at +8,791 BTC/day, signaling direct selling pressure from retail and mid-term investors.
US Non-Farm Payroll (NFP) "Dashes" Rate Cut Hopes. Macroeconomic factors are the biggest barrier to risk assets. The latest NFP report from the US surged to double the forecast. This demonstrates that the US economy is still too hot, forcing the Federal Reserve (Fed) to have more reasons to maintain high interest rates longer, even considering rate hikes. Cash is immediately flowing back to the USD and Government Bonds, causing both Gold and Bitcoin to plummet simultaneously.
Fear & Greed Index Falls Into "Extreme Fear". Market sentiment has quickly shifted from optimism to "Extreme Fear" with the index plunging to 16 points – the lowest level since Q1 2026. However, according to historical data from Binance Market Update, the periods when market sentiment is most panicked often turn out to be the "golden" times for smart money to start accumulating long-term.
Conclusion for Investors: The correction of Bitcoin in early June 2026 is a necessary margin/futures liquidation phase after a long growth period. Although ETF funds are temporarily cooling down, major institutions like MicroStrategy are still holding their positions and maintaining a long-term outlook for this cycle's goals. Manage your capital tightly and closely monitor the support level of $60,000 USD in the upcoming trading sessions.