BTC Short and then Long respectively

13 thg 6, 2023

So this analysis takes into consideration technical touch points, the Fibonacci retracement to 0.5 and 0.618 is my personal favorite to load up and go Long.

For now it seems that support is exactly at 0.5 (22K) and 0.618 (20K) respectively. If we take the bottom of BTC and not 16.3K when the rally started.

3rd touch point on the channel support, waiting to see whether it rejects/goes through.

A Rate hike of .25 basis pts appears to not be on the table for tomorrow but next month it is. Who know what will happen.

This rally needs to cool off, grab liquidity at Demand zones and retrace before Longing and also fill CME gaps at 30 K ish etc...