I would expect BTC to form a short term top somewhere in this area to then form a cycle low around june 6th. I am watching for reaccumulation at this demand zone, but its way to early to tell how this cycle low will play out. (If there is no top in this area i am still expecting a retracement around this date, the price level does not matter)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.