Technical Analysis

Nasdaq futures rebounded 196 points on June 8, 2026, as tech bulls initiated a strategic technical repair above the critical 29,150 pivot zone despite an overnight Middle East military escalation. Institutional capital is aggressively absorbing the tech dip, shifting focus away from geopolitical volatility toward blockbuster secular catalysts including Apple’s WWDC AI reveals and the historic $75 billion SpaceX IPO.

Amid a sprawling global multi-asset liquidation that has swept through Asian equity indexes and hammered traditional growth sectors, Bitcoin (BTC) has pulled off a stark decoupling performance. Following a brutal multi-week slide that saw the world's premier digital asset drop over 17% to 20% to touch a macro bottom of $59,108.92 on June 7, the digital currency has staged an aggressive intraday recovery.

On June 8, XRP, Bitcoin, Ethereum and Hyperliquid were described as deeply oversold after sharp declines, with short-term bounces failing to change broader downtrends. XRP rebounded to about $1.12 after dipping into the $1.05–$1.10 area, while Bitcoin stabilized near $61,000 and Ethereum recovered toward $1,620 following a brief break below $1,600. Hyperliquid pulled back from nearly $76 toward the mid-$50s, with resistance highlighted at $70–$76 and risk rising on a move below $50.

The outlook for monetary easing in the United States has fundamentally shifted. Driven by an exceptionally resilient domestic economy and escalating geopolitical pressures, Wall Street giant Goldman Sachs has officially abandoned its expectations for a Federal Reserve rate cut in 2026.

SK Hynix plummeted 10% on June 8, 2026, as a macro-driven KOSPI meltdown triggered market-wide circuit breakers and forced retail margin liquidations. However, its new multi-year co-engineering alliance with Nvidia for the Vera Rubin AI platform reinforces its robust fundamentals, presenting a premier long-term buying opportunity at a technical discount.

Bitcoin formed a base above $60,000 and moved into a recovery phase above $62,000, with price holding above $62,500 and the 100-hour simple moving average. The setup points to additional upside if BTC can establish itself above $64,500, while failure to clear that area could reopen a pullback toward $62,800, $62,500 and $62,000.

Bitcoin steadied around the $60,000 area after several days of sharp declines, while on-chain signals pointed to a possible trend shift. In a June 7 X post, analyst Ali Martinez said BTC may be nearing a cycle bottom as the "Supply In Loss" metric crossed 10.46 million coins. At the time of writing, BTC traded near $62,746, up 2.5% over the past 24 hours.

Akash Network’s AKT rose more than 14% in the past 24 hours as Bitcoin gained over 2.5%, helping lift several major altcoins. Trading volume doubled from $8.38 million to $16.25 million over two days, while monthly volume climbed 54% to $414 million. Despite a technical bounce, AKT still needs to retake the $0.70–$0.75 zone to reinforce a stronger recovery narrative.

Toncoin (TON) rose 13.36% over the last 24 hours, trading around $1.70 at press time after holding the $1.50 support area. Despite the rally, spot volume fell 16.51% to $250.8 million and futures flow stayed seller-led, leaving the move without clear confirmation. Key levels highlighted include liquidity around $1.78–$1.82 and a major resistance zone near $2.10.

Bitcoin’s network hashrate has fallen by 145 EH/s since May 28, 2026, dropping from 1,030 EH/s to 885 EH/s as prices retreat to levels last seen in February. Over the same period, hashprice declined 26.96% in 30 days to $28.26/PH/s as of June 7, while a 10.76% difficulty cut is projected for June 13, 2026.