BTC scenario
BTC is still looking overall bearish on the daily. It looks like its currently forming a bearish tweezer top.
BTC has been channeling into a descending wedge.
We want to see BTC close above the $7700 on the weekly chart to potentially turn the trend bullish. If we cannot break the 7700 resistance level by weeks end, we could see more downtrend over June.
RSI has a downward tick, indicating more potential downwards momentum.
The next few days should give indicator's to tell how the trend will play out over June.
BTC has been channeling into a descending wedge.
We want to see BTC close above the $7700 on the weekly chart to potentially turn the trend bullish. If we cannot break the 7700 resistance level by weeks end, we could see more downtrend over June.
RSI has a downward tick, indicating more potential downwards momentum.
The next few days should give indicator's to tell how the trend will play out over June.
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