24/7 SUPPORT
Download App
Published: 1 June 2026,04:18
Chart The Market
BTC, H4:
Bitcoin remains under pressure after breaking below its ascending trendline and key support levels, signaling a deterioration in the broader bullish structure. The rejection near the 79,415 resistance zone accelerated selling momentum, with price subsequently falling below both 77,860 and 74,340, turning former support areas into potential resistance.The recent decline has pushed BTC toward the lower end of its trading range, where price is attempting to stabilize above the 70,635 support region. While a short-term rebound cannot be ruled out, the series of lower highs and lower lows suggests that sellers continue to maintain near-term control.
Momentum indicators remain cautious. RSI has slipped below the neutral 50 level, reflecting weakening buying interest, while MACD remains in negative territory despite showing signs of stabilization. This suggests bearish momentum has eased somewhat, but a clear recovery signal has yet to emerge.
As long as Bitcoin remains below the 74,340 resistance zone, the downside bias is likely to persist. A sustained break back above this level would improve the technical outlook and open the door for a recovery toward 77,860. Otherwise, BTC may remain vulnerable to further consolidation or renewed selling pressure toward the 70,635 support area.
Resistance Levels: 74,340.00, 77,860.00
Support Levels: 70,635.00, 65,810.00
USDJPY, H4
USDJPY is showing signs of continuing its recovery trend after successfully breaking above its previous consolidation range and advancing toward a major resistance zone near 159.90. The pair has steadily recovered from the sharp decline seen in early May, with buyers maintaining control through a series of higher highs and higher lows. The recent breakout above the 158.75 resistance area reinforces the improving bullish structure and suggests that upside momentum remains intact.
The move above the prior range-bound consolidation indicates that buying interest continues to outweigh selling pressure, with market participants increasingly positioning for a potential retest of the key 159.90 resistance level. A sustained push beyond this barrier would represent an important technical development and could pave the way for a broader bullish extension toward the next major resistance zone around 161.05.
Momentum indicators continue to support the constructive outlook. The Relative Strength Index (RSI) has rebounded above the neutral 50 level and is trending higher, reflecting strengthening bullish momentum without yet reaching overbought conditions. Meanwhile, the Moving Average Convergence Divergence (MACD) remains above the zero line, suggesting that the broader bullish trend remains intact, although upside momentum has moderated slightly following the recent rally.
Resistance Levels: 159.90, 161.05
Support Levels: 158.75, 157.80
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
