BTC/USDT 1D
Good evening, everyone!
Fundamentally, everything revolves around the impending recession, which is being talked about more and more often. The issue of the US government debt ceiling remains unresolved, and at this rate, a default may be declared on June 1. However, I do not think that the government will allow such a scenario, so we will soon see the denouement
But regarding the cue ball, well, the bearish scenario is in force, we have gone below 50MA and are trying to gain a foothold below the neck line of the "head and shoulders" pattern. The goal of working out lies in the region of $ 24,000, friends, which corresponds to the level of 0.618 by Fibonacci. I would open the shorts when breaking through the 0.382 Fibo level for a safer entry. So, attention is now mainly on short positions, the market is finally moving towards the long-awaited correction!
