Putting macro bias aside, Let's have a look at Bitcoin Low time Frame chart level by level. It took few candlesticks to breakout of May's Low but after its breakout, it was turbo move up and Previous week low was taken out in next Candle itself. Here comes the moment of Truth. There's whole lot of Resistances waiting for Bitcoin between 26.9k to 27.1k so I dont expect a pump out of this range in Impulsive way. As long as Bitcoin is above May low (preferably above PW Low), expect it to grind slowly towards resistance, have some rejections and if no more bad news roll out, then Bounce towards 28-29k region.
PS :- Closing below May low will make things nasty. So watch these levels and design your trades carefully
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