BTC WEEKLY - BEARISH CORRECTION IMMINENT
# I put this analysis on neutral because I want to be fair to Bull's chances to turn thing around and reclaim at least 9400~ level. 9500 is better, this is the level where the miners felt comfortable with the price.
# However I'm still leaning for another correction toward 8200~ , 7100~ (marked A & B respectively). This is where possible higher lows could occurs and provides nice dip buying opportunity for Bull to get proper leg for another bullish run (where everyone expecting it to happens since halving).
# A test of 6660 (yellow line) is possible, although I'm not so keen for it to happens, because anything can happens if that level was broken. Possibly bearish mode for another quarter and low volumes all the time.
# We are at end of June, where monthly close will be crucial to point where thing could go next. We still have 6 months to go for Bull to make it happen and make another try to hit All-Time-High once again, or possibly beyond. If Bull want to take a breather, now is the time, get another leg down (small bearish season) @ 8200~, form a higher low @ 7100~, but don't wake Bear @ 6000~, keep it hibernates.
DYOR, always. Trade safe.
# However I'm still leaning for another correction toward 8200~ , 7100~ (marked A & B respectively). This is where possible higher lows could occurs and provides nice dip buying opportunity for Bull to get proper leg for another bullish run (where everyone expecting it to happens since halving).
# A test of 6660 (yellow line) is possible, although I'm not so keen for it to happens, because anything can happens if that level was broken. Possibly bearish mode for another quarter and low volumes all the time.
# We are at end of June, where monthly close will be crucial to point where thing could go next. We still have 6 months to go for Bull to make it happen and make another try to hit All-Time-High once again, or possibly beyond. If Bull want to take a breather, now is the time, get another leg down (small bearish season) @ 8200~, form a higher low @ 7100~, but don't wake Bear @ 6000~, keep it hibernates.
DYOR, always. Trade safe.
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