ProfitsWithUsFx Analysis

🎯 $60,000 Is the Most Important Line of Defense Right Now

If the 50-month EMA represents the long-term trend, then $60,000 is the market’s most important psychological level in the short to medium term.

The reasons are simple:

• A significant concentration of institutional positions is centered around this level

• Many risk management models place stop losses here

• It is also a major round-number threshold

If this level fails, the market could move lower in search of additional support.

If it holds, a cyclical bottom could begin to form.

In the weeks ahead, $60,000 will be the key battl

📉 Technicals Still Show No Clear Bottoming Signal

From a structural perspective, BTC remains within a well-defined descending channel.

The market’s defining characteristics are:

• Each rally is forming a lower high

• Each decline is breaking below prior support

This is a classic bear market structure.

The technical indicator I am watching most closely is:

The 50-month EMA (currently around $66,600).

Over the past several months, this moving average has served as the final line of defense for the bull market.

However, price has now tested this level repeatedly.

History suggests that th

💰 Bitcoin Is at a Critical Juncture

Many of you have recently asked for my outlook on BTC.

Based on the current macro backdrop, on-chain data, and technical structure, I believe the market has entered a pivotal period that could determine its next major move.

Bitcoin has now fallen more than 47% from its October 2025 all-time high of $126,198.

This decline is not driven by a single event, but by the combined impact of several factors:

• Continued net outflows from U.S. spot ETFs

• Weaker institutional risk appetite

• Rising safe-haven demand amid escalating Middle East tensions

• Ongoing

📊 Economic Data Still Point to a Resilient U.S. Economy

Despite the market pullback, the latest economic data remain solid.

ADP reported that U.S. private sector employment increased by 122,000 jobs in May, above April’s level.

The ISM Services PMI rose to 54.5, well above expectations.

Factory orders also exceeded forecasts.

In other words:

The U.S. economy is not in recession, at least for now.

The concern is that rising energy prices driven by geopolitical tensions could place additional strain on an economy that is already slowing.

The Fed’s latest Beige Book also highlighted growi

📉 Wall Street Retreats Across the Board*

On Wednesday, all three major U.S. indexes closed lower:

• S&P 500 fell 0.7%

• Dow Jones Industrial Average fell 1.2%

• Nasdaq Composite fell 0.9%

The decline was driven not by weaker economic data, but by a sudden escalation in Middle East tensions.

Following U.S. airstrikes on Iran’s Qeshm Island, Iran launched missile and drone attacks on U.S. military bases in Kuwait and Bahrain. The ceasefire reached earlier is showing renewed signs of strain, raising concerns that the conflict could escalate further.