BTC Daily Update 4 June 2021
Based on BTC daily chart, it had stayed above the .236 fib level and also above 37k support after the Elon tweet. Volume is still not looking well as it is depleting.
If BTC is able to close a candle above this support, I expect BTC to retest 40k resistance next. Otherwise we will revisit
36K to retest this support.
Based on the stochastic RSI, it is indicating a bearish cross where this indicates a correction move is around the corner.
If BTC is able to close a candle above this support, I expect BTC to retest 40k resistance next. Otherwise we will revisit
36K to retest this support.Based on the stochastic RSI, it is indicating a bearish cross where this indicates a correction move is around the corner.
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