Market Analysis

June 2, 2024

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⚪️TECHNICAL (4H)

Bitcoin is currently consolidating within a symmetrical triangle pattern. To confirm the next direction, we should wait for either a breakout or breakdown followed by a successful retest. Until then, further movement within the triangle can be expected.

⚪️WRAP-UP (VIP)

BTC is consolidating in a symmetrical triangle. Wait for a breakout or breakdown with a successful retest to confirm its next direction. Meanwhile, expect further movement within the triangle.

$BTC DAILY RANGE:

📈Upper Limit: 68400

📉Lower Limit: 67300

(+-12% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🔵LONG

💲65000

🔴SHORT

💲74000

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