Bitcoin

BTCUSD SELL SHORT to 200 dma

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BTC likely to consolidate around between 35k to 39k for the month of June, so volatility for BTC should be +/- 5 % until July. July the expected move lower or higher will be determined based on June's monthly close. In the meantime, BTC is under either accumulation or distribution till July. Long term outlook is not confirmed until July's monthly Open is established.

At this moment, for the month of June, we are neutral and suggest caution as the selling pressure could persist if BLT monthly formation is confirmed.

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