BTC June 3, 2026 Daily + 4H Technical Analysis

Current price: around 66,850 USDT, 24H decline of 5.8%, intraday low of 66,194

1. Indicator Technical Signals

1. Daily Level
Price has broken below the MA20/50/100 short-term moving averages across the board, with moving averages shifting from support to heavy resistance; Bollinger Bands are opening downward, and the current price has pierced the lower Bollinger Band; MACD green bars continue to expand downward, with DIF crossing below DEA; daily RSI is approximately 33, entering the oversold zone, but bearish momentum has not exhausted, and a downward structure is forming (higher highs gradually decreasing).
US spot ETF funds have been flowing out for 11 consecutive days, with institutional investors continuously withdrawing, and the fundamentals are suppressing the market.

2. 4-Hour Level (Short-term Core)
4H RSI is approximately 24.5, extremely oversold; candlesticks are continuously running along the lower Bollinger Band, with a bearish arrangement; there is a short-term technical oversold rebound demand, but the rebound is likely a correction within the downtrend, making a trend reversal difficult; chain liquidations (nearly 1.6 billion USD in long positions liquidated in 24 hours), passive selling pressure still remains.

2. Key Price Levels (Support/Resistance)

Resistance (from near to far)

1. First short-term resistance: 69,000-69,500 (intraday rebound first hurdle, high probability of rejection and decline)

2. Mid-term resistance: 71,300-71,800 (key pressure for breaking through, only a recovery of this zone can alleviate the short-term bearishness)

3. Strong resistance: 75,800, standing above this level would end the short-term downtrend

Support (from near to far)

1. First short-term support: 66,000-66,200 (intraday low), if broken, then the price may decline further toward 65,000

2. Key support: 64,000 (area of concentrated support)

3. Extreme support: 60,000 level, the mid-term bottom line for bulls to defend

3. Intraday Trading Strategy

Bearish main line (trend-following)

1. If a rebound to 69,000-69,500 faces resistance and fails to break through, consider shorting with a stop at 70,100, targeting 66,200 → 65,000, and watch for a break below to 64,000

2. If price directly breaks below 66,000, follow the trend to short, stop at 66,600, target 65,000-64,200

Short-term speculative (only oversold rebounds, light positions)

Rebound from 66,000-66,200 with stabilization and a bullish candlestick, small long positions with a stop at 65,700, take profit at 68,800-69,300; only for short-term arbitrage, not holding long-term longs

4. Trend Summary

Major cycle remains bearish, short-term oversold conditions may see a rebound, but the rebound does not change the downward structure; only if daily closes above 72,000 can the short-term downtrend be reversed, otherwise the trend remains weak and downward.

Risk Reminder: Cryptocurrency prices are highly volatile. This analysis is for technical reference only and does not constitute investment advice. #成长值抽奖赢金条 $BTC