#BTCUPDATE - 6.6.21
#BTCUPDATE - 6.6.21
Expected volatility and unpredictability over the weekend - Elon & further China FUD primarily behind the dip. The fact people are still reacting to his Tweets is the most worrying thing. Idiots.
Trendline support was tested and held well - should we hold this support trendline (within the consolidation triangle) Then we may see a push back up to 38.8k and then onto 40k again.
Breaking down below 34.7k now will likely take us to £31.2k and then onto 30k.
We are likely leaning towards a bearish scenario for the short-term considering we are sat on support line - worth considering shorting.
Expected volatility and unpredictability over the weekend - Elon & further China FUD primarily behind the dip. The fact people are still reacting to his Tweets is the most worrying thing. Idiots.
Trendline support was tested and held well - should we hold this support trendline (within the consolidation triangle) Then we may see a push back up to 38.8k and then onto 40k again.
Breaking down below 34.7k now will likely take us to £31.2k and then onto 30k.
We are likely leaning towards a bearish scenario for the short-term considering we are sat on support line - worth considering shorting.
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