01.06.202618:42 Forex Analysis & Reviews: Trading Signals for BTC/USD on June 1-3, 2026: buy above $70,800 (rebound - 3/8 Murray)

Relevance up to 12:00 2026-06-15 UTC--4

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Bitcoin is trading around $70,377, having broken through the 3/8 Murray line and nearly reaching the lower band of the downtrend channel formed since May 7.

Bitcoin is likely to find strong support around $70,800. This level coincides with the lower band of the downtrend channel, and we could expect a technical bounce around this area, which could be seen as an opportunity to open long positions.

In the event of a pullback toward the 21 SMA at $73,417, this zone could be considered a good point to sell, with short-term targets around the 2/8 Murray line at $68,750.

If Bitcoin consolidates above the 3/8 Murray line in the coming hours, this could be considered an opportunity to buy above this zone, with targets at the upper band of the uptrend channel around $75,000.

The Eagle indicator is reaching oversold levels, so we could expect consolidation zones around $70,800 or around the psychological level of $70,000 as a point for a technical rebound, which could be seen as a signal to buy BTC.

The outlook remains bearish for Bitcoin. Should it reach the resistance zone at $73,500 or the 4/8 Murray level around $75,000, this could be seen as a signal to resume selling, with targets at the 2/8 Murray level around $68,750.

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