฿ Bitcoin BTC/USD Daily Video, June 21, 2021

[Sive Morten]

Good morning,

Short-term context has turned bearish on BTC. Downside action with high probability could re-test 30K lows and we suggest that reaching of 26K level is also possible:

 

[ransomevm]

Hi Sive, do you think it make sense now to wait 26K as the 30K got broken. If we want to take long position is it good to wait? Please let us know your thoughts

 

[Sive Morten]

Hi Sive, do you think it make sense now to wait 26K as the 30K got broken. If we want to take long position is it good to wait? Please let us know your thoughts

Hi Mate,
It is not broken it is "washed out". This is bullish sign. Although we do not have yet clear patterns, but theoretically it is possible with stop below this recent lows.