We’re still in the range of 30K and 42K since the massive Deadcat bounce on mid May. Expecting a reverse from 30K back to 34K as 30K is being a strong support. If we break 30K below we will range in 28K to 20K.
BTC possible rejection from 42K as it is a very strong resistance.
Currently, BTC has been respected for the huge parabolic resistance. Price is currently at 35K. The bullish scenario would be the price will break the 0.5 Fib level which is 48-46K and retest. The bearish scenario is respecting the parabolic resistance and rejection from 0.5 Fib and the price will eventually come down. BTC has never broken down the previous...