⚡️ Hello everyone! As I wrote in one of my previous ideas, the first correction target is the 106-103 level, where there is a huge amount of demand. This target has now been reached!
Some will say that Trump is manipulating the markets. This is partly true. However, the charts often show signs of what is to come in advance.
Today, we will analyze what awaits Bitcoin in June:
⚙️ Metrics and indicators:
Volume - there is a divergence in sales during the correction. Because of this, buyers are likely to take control right now to make another attempt to update the ATH.
DMF - liquidity has returned to Bitcoin from the 103 level. This hints at a return of demand and a potential continuation of the trend.
VRVP - shows a huge area of buyer interest at the 104-103 level. This has provided support for the current rebound.
DSD - shows prevailing demand from buyers. Up to levels of 106,300. And a very small volume of demand. This may indicate that locally, those who wanted to have already fixed their profits and many are waiting for a new ATH before starting to fix their positions.
📌 Conclusion:
It will be an interesting month! Historically, markets have quieted down in the summer and slowly declined due to a lack of liquidity. This trend has continued, including now.
However, at the moment, many metrics and even stabilized geopolitics indicate that growth is likely to continue and the ATH may be updated.
Now we will either:
📉 test the 112-110 zone and continue the correction lower
📈 or set a new ATH and continue moving forward.
The second option is certainly harder to believe. But that's why we are traders, because we have to be ready for anything!🔥
Have a great week!
Some will say that Trump is manipulating the markets. This is partly true. However, the charts often show signs of what is to come in advance.
Today, we will analyze what awaits Bitcoin in June:
⚙️ Metrics and indicators:
Volume - there is a divergence in sales during the correction. Because of this, buyers are likely to take control right now to make another attempt to update the ATH.
DMF - liquidity has returned to Bitcoin from the 103 level. This hints at a return of demand and a potential continuation of the trend.
VRVP - shows a huge area of buyer interest at the 104-103 level. This has provided support for the current rebound.
DSD - shows prevailing demand from buyers. Up to levels of 106,300. And a very small volume of demand. This may indicate that locally, those who wanted to have already fixed their profits and many are waiting for a new ATH before starting to fix their positions.
📌 Conclusion:
It will be an interesting month! Historically, markets have quieted down in the summer and slowly declined due to a lack of liquidity. This trend has continued, including now.
However, at the moment, many metrics and even stabilized geopolitics indicate that growth is likely to continue and the ATH may be updated.
Now we will either:
📉 test the 112-110 zone and continue the correction lower
📈 or set a new ATH and continue moving forward.
The second option is certainly harder to believe. But that's why we are traders, because we have to be ready for anything!🔥
Have a great week!
Disclaimer
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.
Disclaimer
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.