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Bitcoin consolidates at $105,000, with resistance levels fluctuating! Ethereum's $2,500 defense battle.
In early June, Bitcoin consolidated around $105,000 in an effort to break through the $110,000 resistance; Ethereum is holding at $2,500. The market focuses on macro factors and regulatory developments. (Synopsis: China's official think tank rarely names Bitcoin: with strategic reserve potential, BTC second largest country will make a statement? (Background added: Pakistan announced the establishment of a bitcoin strategic reserve, why are small countries betting on BTC?) On the morning of June 2, Taiwan time, the price of Bitcoin (BTC) fluctuated around $105,371 before the deadline. Ethereum (ETH) showed resilience at the same time, successfully holding the important support level of $2500. In terms of technical indicators, Bitcoin's short-term upward momentum has weakened, and indicators such as MACD and RSI have shown consolidation or bearish signals. Analysts generally believe that macroeconomic factors, particularly changes in global liquidity and potential interest rate cuts by major central banks, are expected to provide capital inflows into the bitcoin market. At the same time, institutional investor interest has not waned, and the inflow of cash ETFs and the hoarding behavior of whales provide BTC bottom support. According to reports from ainvest and Finbold, AI models predict that if bitcoin can effectively break through the $110,000 resistance level, the price may climb further to $118,000 or even $130,000; The model also predicts a 65% chance of a June close above $110,000. In the longer term, Standard Chartered's prediction that Bitcoin could hit $200,000 by the end of 2025 offers hope for a quarterly rally. Investors should be aware of the potential risks that may arise from changes in the regulatory environment. Ethereum is holding on to 2500 magnesium Meanwhile, Ethereum managed to hold the key psychological and technical support level of $2,500 in early June, at $2,527. According to on-chain transaction data, there is a large amount of ETH hoarding activity in the range of $2316 to $2402, providing strong support for the price. While ETH medium-term technical charts, such as the bull flag pattern on the daily chart and the bullish signals of the weekly MACD, suggest that the price has upside potential, especially if it can break through the resistance zone between $2700 and $2925, or point to $3000 to $3100. However, short-term indicators are signaling caution, the MACD indicator turning positive to negative and the bearish crossing of the EMA index moving averages indicate weakening short-term momentum, with the price moving below the moving average around $2527 to $2577, and the expansion of the Bollinger bands also signals a possible increase in volatility. In terms of market sentiment, the current Polymarket forecast shows that traders are confident that Ethereum will remain above $2,500, with a 72% chance of predicting. However, the recent SEC (SEC) decision to block the Staking ETF has created some uncertainty in the market. Related reports Silk Road founder Ross Ulbricht auctioned prison supplies" Canxiao ID card sold 5.5 BTC, totaling more than $1.3 million in bitcoin Trump media smashed 2.32 billion magnesium to buy bitcoin! Promoted to the 4th largest coin holding company in US stocks, DJT rose more than 10% in a short time 〈Bitcoin consolidated $105,000, up and down resistance mutual card! Ethereum's $2,500 defense This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".