Crypto Market Status — 1st June

May is over and Bitcoin closed in green. However, $BTC did not manage to close above 70k.

On the weekly chart it looks like Bitcoin has retest its breakout (successfully).

On the daily chart, we have the second day in a row with more bearish signals. And it were also the bearish signals that delivered the best performance during the last days.

$PEPE leads the pack of the most successful bearish signals. Trading the overbought RSI lead to gains of 11%.

So, let’s see what the weekend will bring.

Have a great Saturday and stay safe!