Weekly Trading Analysis: A Detailed Breakdown of Market Momentum BTC 2nd – 8th June 2025
Bitcoin's price action this week painted a strong technical picture, with the interplay between key EMAs, volume spikes, and psychological levels giving traders multiple data-driven opportunities. The ongoing tug-of-war between bulls and bears ultimately resulted in a shift in structure and a potential trend reversal. Let's dive into the hourly and daily breakdown to better understand what unfolded.
Hourly Analysis
The week began with bullish momentum as BTC attempted to reclaim the 200 EMA, having sold off the week prior. While Monday’s price was unable to hold above this key moving average, support was quickly found at the 50 EMA — a theme that continued through the week.
Early Tuesday saw another push, but again the 200 EMA acted as a stubborn resistance. A lower high was formed, signalling potential weakness. This bearish signal was confirmed mid-week with Wednesday’s chop between 106k (resistance) and 104.1k (support), followed by a sharp rejection on Thursday just before the NY open.
Thursday’s move was particularly significant — a hard sell-off from a daily high of 105.8k to a psychological low of 100k. This aggressive move was likely amplified by the 200 EMA resistance and macro sentiment. Buyers stepped in at 100k, initiating a strong recovery through Friday and into the weekend. The 50 EMA once again acted as support and, by Sunday morning, BTC broke through the 200 EMA — flipping it from resistance into support.
Notably, a golden cross occurred between the 50 and 200 EMA on the hourly, supported by a 2.28% price increase and a volume surge in pre-NY market hours. This suggests real momentum is behind the move, not just weekend noise.
Daily Analysis
Zooming out, the daily chart tells a compelling story. While last week’s write-up was missed, the structure remains critical.
For several weeks, we anticipated a mean reversion pullback. This has now played out perfectly, with price returning to the 50 EMA — a level that had strong confluence with a large daily fair value gap (FVG) between 102k and 97k, and the horizontal support level at 100k.
The previous downtrend, defined by lower highs and lower lows, was expected as part of this reversion. What's important now is how price reacted: it respected the 100k level and bounced strongly from that zone. The bullish momentum emerging from this confluence gives early signs of a reversal, but confirmation lies in a close above the previous lower high. Until then, it remains a high-potential setup rather than a confirmed trend change.
Summary
This week’s action offered technical clarity: a mean reversion has played out, the 50 and 200 EMA dynamic has flipped, and a golden cross suggests bullish continuation. All eyes now turn to whether price can close above the last lower high to confirm a change of character.
With no major macroeconomic events on the calendar this coming week, market participants will likely focus on structure, volume, and key levels. That said, the Bitcoin conference kicks off soon — and historical price action suggests bullish sentiment often follows these industry events. Stay sharp.
