empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
04.06.2025 09:10 AM
BTC/USD Analysis on June 4, 2025
Open trading account Open demo account

This image is no longer relevant

The wave pattern on the 4-hour chart for BTC/USD has become more complex. We observed a corrective downward structure that completed its formation around the $75,000 level. After that, a rather strong rise began, which could be an impulsive upward trend. The second wave of this segment appeared very small and quite unconvincing, but demand for Bitcoin continues to grow, signaling a "pump." It's worth noting that corrective three-wave structures can take absolutely any form. I do not rule out that such a structure has already been completed and a new decline in Bitcoin may be ahead.

The news background supports Bitcoin, but not always and not consistently. I would say that market participants themselves interpret any news in favor of the leading cryptocurrency — or simply ignore the news flow and just buy. We are observing the formation of a new upward trend segment based on emotions, demand, and belief in Bitcoin's sky-high future value. One way or another, Trump's tariffs and the risks of an economic slowdown no longer scare cryptocurrency traders. Previously, they triggered a flight from risk assets; now Bitcoin serves as a "safe haven from Trump's policies."

The BTC/USD exchange rate has risen significantly over the past eight weeks, with steady and consistent demand growth. Only in the last couple of weeks have we seen a corrective wave. Following the impulsive wave pattern, another fifth wave is still expected — and it could mark the end of the trend. Of course, no one knows yet how strong the fifth wave will be, or whether it will occur at all. No one knows how strong the next downward structure will be either. However, the current wave picture doesn't look too favorable for buyers. Their advantage is undeniable, but they have failed three times to push Bitcoin above the $110,000 level.

The news background over recent weeks cannot be called weak. Let me remind you that in the first two months of Trump's presidency, demand for Bitcoin only decreased. Many linked this decline to fears of an economic slowdown, complete economic uncertainty, and the trade war. However, after two months of turmoil, the market began to recover rapidly — something that cannot be explained by news, as the trade war hasn't de-escalated. Trump gave three months to the countries he imposed tariffs on — and so far, this has led nowhere. Only one trade deal — with the United Kingdom — has been reached, and according to media reports, it has not even been signed yet.

Thus, the economic situation has not become any "clearer," the prospects for the U.S. economy have not improved, and Trump's latest statements suggest the possibility of renewed escalation.

This image is no longer relevant

General Conclusions

Based on the BTC/USD analysis, I conclude that the upward wave structure continues to build, but it has a very strange nature and foundation. The news background has not caused Bitcoin's sharp rise, and around the $110,000 level, buyers are running out of strength for the third time in a row. If we abstract away from wave analysis, I would say that a new downward trend segment is being prepared. In the near future, a decline toward $101,500 is possible, corresponding to the 76.4% Fibonacci retracement level.

On a larger wave scale, the upward trend segment continues to form, but its internal wave structure is very ambiguous due to the near absence of corrective waves.

The Main Principles of My Analysis:

  1. Wave structures should be simple and clear. Complex structures are difficult to trade and often prone to change.
  2. If you are uncertain about market conditions, it's better not to enter.
  3. Absolute certainty about the market's direction does not exist. Always use protective Stop Loss orders.
  4. Wave analysis can be combined with other types of analysis and trading strategies.
Chin Zhao,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Technical analysis
EUR/USD Forecast for July 11, 2025 EUR/USD On the weekly chart, we observe a set of reversal signals: divergence, a trend shift in the Fibonacci time zone, and a price rebound from the intersection
Laurie Bailey
07:09 2025-07-11 +02:00
1060
Technical analysis
GBP/USD Forecast for July 11, 2025 GBP/USD On the monthly chart, the British pound reversed from the 161.8% Fibonacci reaction level, calculated from the upper boundary of the global 18-year price channel, immediately after
Laurie Bailey
06:46 2025-07-11 +02:00
1090
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading tips for crypto market on July 10 (North American session)

Bitcoin and Ethereum traded higher today during the European session, which indicates that yesterday's purchases were not a one-time event and that buyers are still active in the market. This
Miroslaw Bawulski 16:25 2025-07-10 UTC+2

Crypto market shows extremely low volatility

Bitcoin volatility has dropped to a historic low, while Bitcoin itself is trading within 2% of its all-time high. The lack of willingness to buy at current prices could become
Jakub Novak 13:46 2025-07-09 UTC+2

Crypto market resilient despite dollar volatility

BTC/USD is rising again today after yesterday's dip, overall maintaining its bullish momentum. Fundamentally, conditions continue to support BTC/USD growth in the medium term. The global economic and market landscape
Jurij Tolin 14:14 2025-07-08 UTC+2

Japan's digital bank by Metaplanet

While Bitcoin stubbornly refuses to decline, fueled by massive demand from ETF funds, the Japanese firm Metaplanet is planning to use its Bitcoin reserves to create the first digital bank
Jakub Novak 13:46 2025-07-08 UTC+2

Trading tips for crypto market on July 8

Both Bitcoin and Ethereum remain on a sound footing, poised to continue a bullish trend. As long as BTC continues trading above the $105,000 mark, the odds of further growth
Miroslaw Bawulski 12:16 2025-07-08 UTC+2

Clarity act on digital asset market gains support

Bitcoin and Ethereum have returned to the channels in which they spent most of last week. While Bitcoin has yet to break above the $109,000 mark, the prospects
Jakub Novak 11:00 2025-07-08 UTC+2

Elon Musk's America party advocates for Bitcoin and digital assets

The recently formed political party, America Party led by Elon Musk, will support Bitcoin. This was announced by the Tesla CEO himself on social media. "Fiat is hopeless
Jakub Novak 15:31 2025-07-07 UTC+2

Bitcoin will test its Support.1 after successfully breaking through and closing below the Uptrendline intraday chart, Friday, July 4, 2024.

Bitcoin – Friday, July 4, 2025. With an inflow into the Bitcoin ETF around USD$ 50 billion, it shows strong interest from investors, thus strengthening the legitimacy of this cryptocurrency
Arief Makmur 07:58 2025-07-04 UTC+2

Ripple has the potential to correct and weaken down to the Support level of 2.1924, Friday, July 4, 2025.

Ripple – Friday, July 4, 2025 Friendly regulatory pressure and the case with the SEC that seems to be stopped and open interest in the derivatives market that has jumped
Arief Makmur 07:58 2025-07-04 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 4

Bitcoin has encountered significant resistance around $110,000, and it is unlikely to break through this level easily in the near term. Ethereum is also facing difficulties moving above the $2,600
Miroslaw Bawulski 07:27 2025-07-04 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.