Crypto Market Rebounds from Its Worst Oversold Conditions Since 2020

The crypto market capitalisation has risen by 1.3% over the past 24 hours to $2.18 trillion. With no fresh downward momentum, bears are taking profits, while some investors view the situation as a good opportunity for long-term positions. On daily timeframes, the RSI is recovering and entering neutral territory after the most severe oversold conditions since 2020. Among the top-performing coins of the day were BAT (+13%), NEAR (+7%) and ZEC (+6.5%). The underperformers were BCH (-6.1%), TRX (-0.6%) and UNI (+0.2%).

Bitcoin rebounded to $63.2K, moving away from Friday’s lows of $59K. Technically, a recovery up to $68K could be viewed as a rebound from the downward momentum seen between 11 May and 5 June. On the other hand, a sustained rebound over this period would confirm a bounce off the 200-week moving average and bring the leading cryptocurrency out of oversold territory, which would be a different narrative altogether. It is quite possible that this situation will be a very close analogy to 2020, when a couple of months of recovery from the last slump were followed by four months of sideways movement and a subsequent boom.

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Gold: has it bottomed out at $4,300?

Gold is trying to find a bottom, bracing for the US CPI release.

China continues to buy gold for the 19th consecutive month.

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🇺🇸 US Pre-Market: Mixed 📊

Pre-market trading on the US stock market is showing mixed trends, with a slight upward bias.

In the Information Technology sector, NVIDIA (NVDA) is up 0.29%, Advanced Micro Devices (AMD) is up 1.97%, while Microsoft (MSFT) is down 0.21%.

In the Communication Services sector, Alphabet (GOOGL) is up 0.69%.

In the Consumer Discretionary sector, Tesla (TSLA) is up 1.48%, while in the Financials sector, Mastercard (MA) is up 0.06%.

Overall, the pre-market is setting a moderately risk-on tone: interest in equities remains primarily in the technology and cyclical sectors, limiting demand for the dollar as a safe-haven asset. In the short term, this creates a neutral-to-stable backdrop for the USD with no significant momentum for appreciation.

EURAUD Wave Analysis – 9 June 2026

- EURAUD broke resistance zone

- Likely to rise to resistance level 1.6600

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Platinum Wave Analysis – 9 June 2026

- Platinum broke key support level 1835.00

- Likely to fall to support level 1660.00

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🗓 Economic Calendar at 2026/06/10 (GMT)

01:30 🇨🇳 ⚡️ Consumer Price Index — Exp: 1.3% Actual: 1.2%

01:30 🇨🇳 Producer Price Index — Exp: 3.9% Actual: 3.9%

12:30 🇺🇸 ⚡️ Consumer Price Index — Exp: 0.5% | 4.2% Actual: 0.5% | 4.2%

12:30 🇺🇸 ⚡️ Core CPI — Exp: 0.3% | 2.9% Actual: 0.2% | 2.9%

13:45 🇨🇦 ⚡️ Overnight Rate — Exp: 2.25% Actual: 2.25%

13:45 🇨🇦 ⚡️ BOC Rate Statement

14:30 🇨🇦 ⚡️ BOC Press Conference

14:30 🇺🇸 Crude Oil Inventories — Exp: -3000K Actual: -7227K

23:50 🇯🇵 BSI Manufacturing Index — Exp: 4.2


[Updated in real time]

⚠️ China — Consumer Price Index at 03:00 GMT

✔️ Prev: 1.2%

🕒 Exp: 1.3%

🎯 Fact.: 1.2% 📉

Apple Wave Analysis – 9 June 2026

- Apple reversed from support zone

- Likely to rise to resistance level 300.00

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Papa John’s Wave Analysis – 9 June 2026

Papa John's: ⬆️ Buy

- Papa John's reversed from support zone

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Bitcoin’s 200-Week MA: History Points to an 11-Month Wait

The crypto market capitalisation has fallen by 2.7% to $2.12T, failing to establish a sustainable growth trajectory. At the time of writing, the market has not yet reached Friday’s lows, but it is quite possible that it will test this support level again before the end of the day as the rebound momentum fades. The top coins that fell the most over the day were Stellar (-7.9%), Dash (-7.6%) and Zcash (-7.3%), while SushiSwap (+0.7%), Cosmos (+0.7%) and Immutable (+0.5%) outperformed the market with minimal gains.

Bitcoin fell below the $61K level again on Tuesday amid a renewed decline in stock indices. This was followed by a slight rebound and current price stabilisation near $61.5K. It appears that a sell-on-rally trend is prevailing in the leading cryptocurrency. The history of the 200-week moving average over the last 11 years (prior to this, the market had not dipped below it) shows that the average time spent near it is almost 11 months, suggesting a very long bear market. The exception was the Covid crash in March 2020, as the subsequent policy of easy central bank money and spending restrictions led to a rapid price recovery. As markets expect interest rate hikes, we should not count on a short-term rebound until there is a global extreme shock.

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Oil: Escalation is no reason for a rally

The escalation in the Middle East has not led to a rise in Brent prices.

The US dollar has been unable to capitalise on the favourable oil situation.

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⚠️ USA — Consumer Price Index at 03:00 GMT

✔️ Prev: 0.6% | 3.8%

🕒 Exp: 0.5% | 4.2%

🎯 Fact.: 0.5% | 4.2%

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⚠️ USA — Core CPI at 03:00 GMT

✔️ Prev: 0.4% | 2.8%

🕒 Exp: 0.3% | 2.9%

🎯 Fact.: 0.2% 📉 | 2.9%

🇺🇸 US Pre-Market: Mostly Negative 📉

Negative sentiment is prevailing in the US stock market pre-market, with major technology and industrial stocks mostly trading lower, indicating a flight from risk.

In the Information Technology sector, NVIDIA (NVDA) is down 1.29%, while Advanced Micro Devices (AMD) is down 1.62%.

In the Financials sector, Berkshire Hathaway (BRK.B) is up 0.42%, while JPMorgan Chase (JPM) is down 0.92%.

In the Consumer Discretionary sector, Tesla (TSLA) is down 0.42%, while Amazon (AMZN) is down 0.41%.

The predominance of selling in large-cap stocks is intensifying risk-off sentiment, as investors shift toward safe-haven assets, including Treasuries, supporting the dollar. In the near term, this is creating conditions for moderate USD strengthening.

⚠️ Canada — Overnight Rate at 03:00 GMT

✔️ Prev: 2.25%

🕒 Exp: 2.25%

🎯 Fact.: 2.25%

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⚠️ Canada — BOC Press Conference at 14:30 GMT

GBPAUD Wave Analysis – 10 June 2026

- GBPAUD broke the resistance area

- Likely to rise to resistance level 1.9200

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GBPCHF Wave Analysis – 10 June 2026

- GBPCHF broke key resistance level 1.0660

- Likely to rise to resistance level 1.0775

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🗓 Economic Calendar at 2026/06/11 (GMT)

12:15 🇪🇺 ⚡️ ECB Interest Rate Decision — Exp: 2.40% Actual: 2.40%

12:15 🇪🇺 Deposit Facility Rate — Exp: 2.25% Actual: 2.25%

12:15 🇪🇺 Marginal lending facility — Exp: 2.65% Actual: 2.65%

12:30 🇺🇸 Producer Price Index — Exp: 0.7% | 6.4% Actual: 1.1% | 6.5%

12:30 🇺🇸 Core PPI — Exp: 0.5% | 5.4% Actual: 0.4% | 4.9%

12:30 🇺🇸 Unemployment Claims — Exp: 219K Actual: 229K

12:45 🇪🇺 ⚡️ ECB Press Conference


[Updated in real time]