#BTCDAILY
26/6
Overall looking 60:40, bullish:bearish.
We have to break $22k if we want to see $28k come in and CME gap filled.
We are at the mercy of institutions unloading stockpiles to secure margins (or any other crazy sell off's in this space), any further negative announcements from FED and Miners being forced to unload BTC due to loan repayments being enforced.
We DO want to see exchanges coming in to pad out their BTC holdings more, positive rumours of the spot ETF and also Ripple case for that matter and increased whale accumulation.
If we get bad news and break the trendline downwards then it will get very rough, I have moved down my low target from $17.5k to $16.1k before re-assessing.
Keep it sensible, keep it in spot and don't make any big moves till after US market open tomorrow.
26/6
Overall looking 60:40, bullish:bearish.
We have to break $22k if we want to see $28k come in and CME gap filled.
We are at the mercy of institutions unloading stockpiles to secure margins (or any other crazy sell off's in this space), any further negative announcements from FED and Miners being forced to unload BTC due to loan repayments being enforced.
We DO want to see exchanges coming in to pad out their BTC holdings more, positive rumours of the spot ETF and also Ripple case for that matter and increased whale accumulation.
If we get bad news and break the trendline downwards then it will get very rough, I have moved down my low target from $17.5k to $16.1k before re-assessing.
Keep it sensible, keep it in spot and don't make any big moves till after US market open tomorrow.
