฿ Bitcoin BTC/USD Daily Video, June 06, 2022

[Sive Morten]

Good morning,

BTC shows thrusty bounce out from K-support area, mentioned last week. Now we do not consider any new short positions and suggest that BTC should not show deep retracements as well. Supposedly 30.75K and 30.38-30.52K support areas should hold possible minor intraday pullback. $34.10K is the next upside target.

 

[Tchurik]

Good morning,

BTC shows thrusty bounce out from K-support area, mentioned last week. Now we do not consider any new short positions and suggest that BTC should not show deep retracements as well. Supposedly 30.75K and 30.38-30.52K support areas should hold possible minor intraday pullback. $34.10K is the next upside target.

Hi all,
Thanks Sive for all your analysis, all the more in those tricky times for trading. I m an old fan hehe!!
Here is a H1 DRPO (correct me if i m wrong), it should trigger the intraday retracement Sive were talking about.. In the green box, the fibo retracement where it should go up again.
Good luck everyone, stay safe

 

[Sive Morten]

Hi all,
Thanks Sive for all your analysis, all the more in those tricky times for trading. I m an old fan hehe!!
Here is a H1 DRPO (correct me if i m wrong), it should trigger the intraday retracement Sive were talking about.. In the green box, the fibo retracement where it should go up again.
Good luck everyone, stay safe

Yep, it is great setup. But unfortunately it seems that Fed starts drying liquidity with QT and no long entry opportunity has been formed - BTC just collapsed. 10 year yield is already above 3% and it seems that this is just a beginning.