Technical analysis by Crypto_robotics about Symbol BTC on 6/2/2025

WHAT HAPPENED?Despite the prevailing bullish trend, bitcoin failed to gain a foothold at the lower end of the sideways range. Instead, there was a breakdown downwards, which led to a shift of the accumulated volume in the short direction.After that, the support zone of $104,200 – $102,300 (accumulated volumes) was tested, which was followed by the first positive reaction from buyers.WHAT WILL HAPPEN: OR NOT?It’s too early to talk about a full-fledged reversal and a resumption of the bullish trend. The resumption looks weak, both in terms of volume and momentum. In the near future, we should expect a repeat test of the formed minimum. In the absence of a buyer's reaction, a rollback to the next area of interest is possible. An alternative scenario is the formation of a new sidewall between key levels:– $104,200 – $102,300 (current accumulation zone),– $107,000 – $109,800 (potential upper limit).Sell zone:$107,000–$109,800 (accumulated volume)Buy zones:$104,200–$102,300 (accumulated volume)~$100,000 (initiating volume)$98,000–$97,200 (local support)Level at $93,000$91,500–$90,000 (strong buying imbalance)IMPORTANT DATESThe following macroeconomic events are expected this week:• Monday, June 2, 13:45 (UTC) — the publication of the index of business activity in the US manufacturing sector for May;• Monday, June 2, 14:00 (UTC) — publication of the ISM index of business activity in the US manufacturing sector for May;• Monday, June 2, 17:00 (UTC) — speech by Fed Chairman Jerome Powell;• Tuesday, June 3, 09:00 (UTC) — publication of the consumer price index for May and in comparison with May 2024 in the Eurozone;• Tuesday, June 3, 14:00 (UTC) — publication of the number of open vacancies in the labor market (JOLTS) USA for April;• Wednesday, June 4, 12:15 (UTC) — publication of changes in the number of people employed in the US non—agricultural sector for May from ADP;• Wednesday, June 4, 13:45 (UTC) - publication of the index of business activity in the service sector (PMI) USA for May, as well as Canada's interest rate decisions;• Wednesday, June 4, 14:00 (UTC) — publication of the US non—manufacturing purchasing managers' index for May from ISM;• Thursday, June 5, 12:15 (UTC) - publication of the deposit rate, as well as interest rate decisions in the Eurozone;• Thursday, June 5, 12:30 (UTC) — publication of the number of initial applications for unemployment benefits in the United States;• Thursday, June 5, 12:45 (UTC) — press conference of the European Central Bank; • Friday, June 6, 12:30 (UTC) — publication of the average hourly wage, changes in the number of people employed in the non-agricultural sector and the unemployment rate in the United States in May.*This post is not a financial recommendation. Make decisions based on your own experience. #analytics