June was a weak month for $btc. Monthly candle showing early signs of an evening star pattern. - Momentum was lost early on in the month after attempting a new ATH (monthly did not make a new higher high) - Weekly timeframe has strong bearish divergence & if price closes below 105K at test to 88k is possible. - Despite the bulls best efforts we saw price failing to make new highs. ( 4hour trending bearish as a result)
Hopium: A breakout of said descending channel could see us obliterate $110k and push as high as $150k
Levels to watch - Monthly closed with hints of Evening star pattern forming. 98k is bull market support! - Weekly still suggest that price should visit 104 -101k before we can attempt new highs. - This will give time for altcoins to test their respective lows and give us good altcoin entries.
Time to be neutral guys.
More in todays livestream https://www.youtube.com/live/37bFn-UcnYE?si=4bn9AWAOn69RHKcc
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