One last pump before a massive drop in Daily timeframe

3 thg 6, 2023

In this chart, I am projecting an expanded zigzag pattern in the daily pattern. My bearish scenario is canceled because there has a sign of weakness in the LTF that made my assumed wave 3 into wave C. The reason I am short-term bullish now is that there is a rumors about the FEDs pausing the rate hike in the month of June. This causes the market to pump significantly until the market shows bearish signs upon reaching the premium prices of 35000-38000.