Bitcoin
Short

Bitcon Clings to $30K

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Bitcoin is maintaining the range, after a brief attempt at 32K was quickly thwarted. We are holding 30K by a thread, but thin liquidity and low volume may suggest another foray into the 29K's or lower before we see any more buying interest. We anticipate the broad range between 27.9K and 32.3K to hold unless we catch a bit off a rally in stocks for example. Note the vacuum zone under 27.9K down to 25.1K, the low of the sell off on May 12th, which we expect to hold as a floor price for now.

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