Technical analysis by AndyHopkins about Symbol BTC: Buy recommendation (6/7/2025)

Market Environment and Bitcoin OutlookBitcoin’s recent surge has been supported by multiple positive factors. On the U.S. policy front, the Trump administration’s plan to establish a Bitcoin strategic reserve and the Vice President’s public support have attracted financial giants like BlackRock and Goldman Sachs. With institutional holdings now exceeding $78.8 billion, the influx of capital has made it difficult for Bitcoin prices to avoid rising. Additionally, global economic instability and expectations of Federal Reserve rate cuts have highlighted Bitcoin’s "digital gold" safe-haven properties. In countries with severe inflation like Argentina, citizens are frantically hoarding Bitcoin for hedging, and strong demand has naturally pushed prices higher.However, market sentiment has shifted recently. The sharp decline on May 30 may be due to uncertainties such as fluctuating U.S. tariff policies, disappointing inflation data, and an unclear economic outlook, which have made investors cautious about risk assets like digital currencies.Risks to Monitor1.Regulatory UncertaintiesWhile U.S. regulations are currently lenient, countries like China still strictly prohibit cryptocurrency trading. Sudden policy changes could disrupt Bitcoin transactions, potentially impacting liquidity and price stability.2.Technical Correction RisksBitcoin has retreated from its all-time high. A break below the $98,000 support level could trigger further declines, with potential downside extending to $92,000.3.Key Upcoming Events- June 7: U.S. Nonfarm Payroll (NFP) data release, which may influence Fed rate-cut plans and dollar dynamics.- June 12: Launch of Ethereum’s Pectra upgrade on the testnet, which could impact overall market sentiment.ConclusionInvestors must remain cautious and conduct thorough analysis. Monitoring policy shifts, technical levels, and major events (such as the NFP data and Ethereum upgrades) will be crucial to navigating market volatility. As always, prudent observation and multi-dimensional analysis are essential for adapting to changing market conditions.Today's BTC trading strategy, I hope it will be helpful to youBTCUSDT BUY@103000~104000SL:102000TP:105000~106000