Crypto Circle Li Ying: June 1st Bitcoin (BTC) Latest Market Analysis and Trading Suggestions

Article publication date: June 1, 2026 — 00:30

Family members! Bitcoin is now at 73,700. From the chart, you can see that after dropping to around 72,512, it started to rebound, but the rebound strength isn't very strong. Currently, the price is fluctuating between the middle and upper bands of the Bollinger Bands. Simply put, it’s neither falling nor rising significantly in the short term, and is in a consolidation phase searching for direction. Both bulls and bears are testing each other. At this point, we need to watch key levels closely, avoid blindly chasing highs or selling lows, and wait for clear signals before taking action for better safety.

All technical indicators and moving averages, EMA7 and EMA30, are pressing above the current price, indicating that the short-term bulls still need to overcome these two hurdles to break through. In the MACD indicator, DIF and DEA are close together, and the green bars are shrinking, showing that the bearish momentum is weakening, but it hasn't yet shifted fully to bullish dominance. The middle band of the Bollinger Bands at 73,834 is the key resistance level, and the lower band at 73,460 is the support. Currently, the price is below the middle band, fluctuating. If it can stabilize above the middle band, there’s a chance to push higher later; otherwise, it may continue sideways or even fall back to test the lower band.

Short-term reference:

Buy at 73,500-73,000, exit if it falls below 72,500, target above 74,000 aiming for 74,500

Sell at 74,000-74,500, exit if it falls below 75,000, target below 73,500 aiming for 73,000

The above content is exclusively created by Li Ying. Please indicate the source when reprinting! Due to delays in article review and market volatility, the above suggestions are for reference only; trade at your own risk. We hope Li Ying’s insights will be helpful to you!

The content is real-time and for reference only; $BTC trade cautiously.