English
Back
Download
Need Help?
Log in to access Online Inquiry
Back to the Top
BIT Official
wrote a post · Jun 3 16:21

📊 BIT Daily Chart – June 3 2026 📊 Bitcoin’s Key Support Is Being Tested as Institutional Flows Reverse

🔹 Over the past four years, Bitcoin has often made most of its gains during short, explosive rallies, followed by extended periods of sideways consolidation.
🔹 A similar pattern can be seen during corrections: prices tend to fall sharply first, releasing most of the downside pressure before gradually stabilizing.
🔹 The current pullback appears to be driven by two key factors: a higher-than-expected May inflation reading and concerns over potential Bitcoin sales by Strategy.
🔹 Spot Bitcoin ETFs have quickly shifted from net buyers to significant net sellers, with around $1.5 billion in net selling year-to-date, creating a meaningful headwind for the market.
🔹 Bitcoin is now approaching the key $63,445 support level. Whether this level holds may help determine if the current correction remains contained or develops into a deeper consolidation phase.
🔹 Over the past four years, Bitcoin has often made most of its gains during short, explosive rallies, followed by extended periods of sideways consolidation. 🔹 A similar pattern can be seen during corrections: prices tend to fall sharply first, releasing most of the downside pressure before gradually stabilizing. 🔹 The current pullback appears to be driven by two key factors: a higher-than-exp...
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.Read more
Thumbs Up
3
76K Views
Report
Comments
Write a Comment...
3