Crypto Radar — Monday, 06/01/2026
The crypto market opens June 2026 in the red. Bitcoin remains under pressure at US$ 70,973, down 3.8% in the last 24 hours and 8.2% for the week. The Fear & Greed Index marks 29, confirming the fear sentiment dominating investors. With RSI at 24.60, BTC is technically oversold — but this doesn't mean selling pressure has ended.
Ethereum shows more resilience, falling just 0.8% for the day to US$ 1,992. Still, the second-largest crypto loses 5.5% for the week and its RSI of 29.20 also indicates oversold territory. Bitcoin dominance rises to 58.5%, a typical reflection of correction markets where investors seek "safety" in the most established crypto.
Bitcoin: Deteriorating Technical Structure
The numbers don't lie. Bitcoin is trading below the 20, 50 and 200-day moving averages — an unequivocally bearish setup. The SMA50 is 2.7% below the SMA200, signaling that the medium-term structure has deteriorated. The 7-day support at US$ 70,961 is being tested right now.
Análise Técnica — Bitcoin
The RSI at 24.60 marks the lowest level since the March correction. Historically, readings below 25 precede technical bounces — but timing is unpredictable. With increasing volume amid volatility, the market is clearly in price discovery. The nearest resistance sits at US$ 75,824.
Ethereum: Awaiting Definition
ETH navigates similar waters, but with less intensity. The fall to US$ 1,992 places the crypto exactly at 7-day support. The technical structure is concerning: SMA50 is 10.2% below SMA200, indicating consolidated downtrend.
Análise Técnica — Ethereum
The RSI of 29.20 suggests oversold, but without the extreme intensity of Bitcoin. For a convincing reversal, ETH would need to break through the US$ 2,071 resistance with volume. Otherwise, the next relevant support sits at US$ 1,850.
Market Movements
While the majors suffer, some altcoins shine. The H token surges 74.5%, leading gains. Worldcoin (WLD) rises 24.8% and SIREN advances 23.4%. On the opposite side, LUNC (-7.3%) and ALGO (-6.4%) lead losses.
Stablecoin Rates
Macro Scenario
The crypto market doesn't operate in a vacuum. According to CoinDesk, crypto funds suffered the second-largest capital outflow of 2026, while only XRP and HYPE attracted inflows. The most impactful news came from MicroStrategy: after years accumulating Bitcoin, Michael Saylor's company sold part of its position for the first time since 2022.
The Strategy decision functions as a stress test for the Bitcoin treasury market. As CoinDesk highlights, "it's not 2022 anymore" — but the sale marks an important psychological precedent. Investors are questioning whether other corporations will follow suit.
Regulatory Context
On the positive side, Japan advances with crypto ETFs and stablecoins denominated in yen, according to CoinTelegraph. The ruling party's initiative contrasts with regulatory uncertainty in other jurisdictions. For Brazilian investors, it's worth remembering that the real remains under pressure against the dollar, amplifying volatility in cryptocurrencies.
What to Watch Tomorrow
- Support sustenance at US$ 70,961 in Bitcoin
- Trading volume — high volatility may indicate final capitulation
- RSI movement — bounce above 30 would suggest technical relief
- News about additional corporate treasury sales
- Data on inflows/outflows from American ETFs
Also read on ON3X: Crypto Radar — May 31, 2026: BTC Falls to US$ 73.8K for context on recent selling pressure.
Disclaimer: Crypto Radar is published daily by the ON3X team for informational purposes only. This content does not constitute investment recommendation. Do your own research before making financial decisions.