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04.06.2026 09:06 AM
Trading Recommendations for the Cryptocurrency Market on June 4

Bitcoin and Ethereum are actively falling, with Bitcoin dropping over 7% in just one day. Currently, Bitcoin is trading at $63,900, having slightly recovered from a low of $61,400, while Ethereum is attempting to regain the $1,800 mark after bouncing back from $1,700.

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Yesterday's plunge in the cryptocurrency market led to a significant decline in the global asset rankings. According to CompaniesMarketCap, Bitcoin has fallen out of the top ten global assets, with its market capitalization dropping to $1.09 trillion, falling behind gold, silver, and all members of the so-called "Magnificent Seven"—Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla.

Ethereum is in an even more vulnerable position: with a price below $1,800, its market capitalization is approaching the threshold for the top 100 global assets—a territory that the second-largest crypto asset used to occupy with confidence.

The decline is particularly painful in the context of Bitcoin's rise to seventh place in the global rankings in October 2025, when its price hit an all-time high above $126,000, and its market cap reached around $2.5 trillion.

The symbolism of the situation is particularly pronounced against the backdrop of Washington's regulatory ambitions. Treasury Secretary Bessent has just urged the Senate to pass the CLARITY Act this summer and confirmed progress on the strategic Bitcoin reserve work. The SEC has designated digital assets as a strategic priority through 2030, and the CFTC has approved perpetual Bitcoin futures. However, while regulators are building the institutional infrastructure for crypto, the capital market is voting with its money in the opposite direction.

Bitcoin

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Buy Scenario

Scenario #1: I plan to buy Bitcoin today when the price reaches around $64,600, targeting a rise to $65,900. At $65,900, I will exit my buy positions and immediately sell back on the pullback. Before buying on a breakout, ensure that the 50-day moving average is below the current price and the Awesome indicator is in the positive zone.

Scenario #2: I can also buy Bitcoin from the lower boundary at $63,600 if there is no market reaction to breaking it back up towards $64,600 and $65,900.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today when the price reaches around $63,600, targeting a decline to $62,000. At $62,000, I will exit my sell position and immediately buy back in the opposite direction, expecting a 20-25 pip move back from the level. Sellers could return at any moment; we just need a hint from the central bank. Important! Before selling on a breakout, ensure that the 50-day moving average is above the current price and the Awesome indicator is in the negative zone.

Scenario #2: I can also sell Bitcoin from the upper boundary at $64,500 if there is no market reaction to breaking it back down towards $63,600 and $62,000.

Ethereum

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Buy Scenario

Scenario #1: I plan to buy Ethereum today when the price reaches around $1,801, targeting a rise to $1,843. At $1,843, I will exit my buy positions and immediately sell back on the pullback. Important! Before buying on a breakout, ensure that the 50-day moving average is below the current price and the Awesome indicator is in the positive zone.

Scenario #2: I can also buy Ethereum from the lower boundary at $1,774 if there is no market reaction to breaking it back down towards $1,801 and $1,843.

Sell Scenario

Scenario #1: I plan to sell Ethereum today when the price reaches around $1,774, targeting a decline to $1,722. At $1,722, I will exit my sell positions and immediately buy back in the opposite direction, expecting a movement of 20-25 pips back from the level. Important! Before selling on a breakout, ensure that the 50-day moving average is above the current price and the Awesome indicator is in the negative zone.

Scenario #2: I can also sell Ethereum from the upper boundary at $1,801 if there is no market reaction to breaking it back down towards $1,774 and $1,722.

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