Greener Candles Crypto Market Analysis - 09/06/25
Happy Monday, traders!
Before going into today's crypto market analysis, here are some important events happening this week:
- Sonic ($S): The project will announce the new S2 airdrop this week.
- On June 9, the U.S. Securities and Exchange Commission (SEC) will hold a roundtable on decentralized finance (DeFi).
- On June 10, the XRP LEDGER APEX 2025 event begins in Singapore.
- June 10th, the Blockchain Group will hold a shareholders' meeting to raise €10 billion to accelerate its Bitcoin financing strategy.
- June 11th:
- US Core Consumer Price Index (CPI) Monthly (Expected: 0.3%, Previous: 0.2%)
- US Consumer Price Index (CPI) Monthly (Expected: 0.2%, Previous: 0.2%)
- US Consumer Price Index (CPI) Annual (Expected: 2.5%, Previous: 2.3%)
- June 12th:
- US Initial Jobless Claims (Expected: 241k, Previous: 247k)
- US Producer Price Index (PPI) Monthly (Expected: 0.2%, Previous: -0.5%)
- Aptos (APT): $53 million worth of APT tokens will be unlocked on June 12.
BTC
During the weekend, the price of Bitcoin was moving pretty much sideways, as expected. The bullish structure is still in play, although I'd like to see BTC start trading above the $107k level soon and a move toward $109k from there.
The good thing to see was Bitcoin bouncing up from the 4-hour 200MA, seen here as a purple line. In a nutshell, as long as BTC uses the 200MA as a support and keeps creating higher highs and higher lows, I remain bullish. Losing the 200MA and breaking the structure would send it to test the lower levels at $100k or $97k.
ETH
As for the altcoin king, Ethereum is still within the range we talked about in my previous analysis. However, ETH looks like losing strength here a bit and is currently struggling with the 200MA.
Losing the 200MA could send ETH to fill the fair value gap at $2100. Furthermore, if we zoom out a little, we can see in this (messy) chart below what happened previously when ETH lost the 200MA as support.
This happened last December and started a long downturn from which we've now been recovering. Pretty sure something like that isn't in sight, though, but it's good to keep the bigger picture in mind as well.
All in all, I'm looking for a bounce from either the 200MA or from the fair value gap. In either case, the high-time-frame bullish structure would remain intact.
USDT Dominance
The USDT.D indeed broke out of the bearish wedge pattern I drew a couple of days ago, but not jumping to any conclusions yet, as it's still holding up very well.
BTC Dominance
No major changes in BTC.D as it has been moving within this tight range since Friday. The next levels to watch are in the light yellow between 65% and 65.5%.
SUI
I didn't trade altcoins that much during the weekend, but had to sell some $SUI as the chart is looking bearish to me. Actually, the SUI chart looks a lot like the ETH one, with the difference that the fair value gap of SUI is much closer. Targeting my next buy near that level if we get a bounce.
HYPE
In my previous analysis, I was waiting for $HYPE to break that descending trendline for me to make a buy. It did, and $HYPE is currently trading slightly above that while it also created a higher high while breaking the $35.7 resistance briefly.
Looking to add more if it starts trading above $35.7 or bounces back up from the ascending trendline below.
More Charts
Lastly, more with less.
OnlyFans is a very revenue-efficient company compared to some of the tech giants here.
Yeah, I agree. That is pretty impressive and cost efficient, I'm sure, but "no one comes even close"?
But what if we compare these to some crypto companies such as Tether and Hyperliquid, and take a look at their Revenue Per Employee numbers...👀
Now, that's impressive.
That's it for today, thank you for reading, have a great week and be sure to like, comment and follow! 🙂🙏
And thank you @stekene for the OnlyFans chart! 🧐
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