BTC cleared April high, closed latest FV gap created on the way to YTD high and bounced off exactly to 0.618 fib. Obvious imaginary support line is currently testing it's third touch and there is a possibility of it's break down to 29500 to eliminate late longs and accelerate descend to fill lower fair value gap(s) and complete much needed retracement. Next...
BTC broke it's April high and is heading to sweep liquidity at 32500 with possible CME gap closure above (35200). Retracement to low 28s/high 27s (0.5-0.618 fib) though is the next probable move from current top to grab sell stop loss and eliminate late longs.
After possible filling of CME gap above the next logical move would be to fill fair value gaps below...
