#BTC (daily timeframe) đ„
Bitcoin's attempt to develop an upward movement was stopped at $70,225, from where the correction of the instrument began.
The asset broke through the lower boundary of the ascending channel, reaching the POC mark ($67,700).
The reaction of buyers to the price test of this zone is still quite weak.
Bitcoin is likely to descend to the exponential moving average EMA of 50 D, which the asset has not tested since overcoming it in the middle of last month.
The next support level will be the 0.382 Fibonacci retracement level ($66,200).
The Balance Volume indicator is sent to the trend resistance test, which previously coincided with a rebound on the instrument.
In the future, the return of Bitcoin above the trading level of $67,700 will be a signal to strengthen the position of buyers.
This will lead to the recovery of the asset.
If the price fixes below the POC mark after its bearish retest, it will mean a deeper correction of Bitcoin.
#ETH . After a slight rebound from the $3,600 support level, Ethereum dropped below this mark.
The next block of the buyer is located around $3,500.
The capitalization of the cryptocurrency market has fallen by 3.05% over the past 24 hours, and the dominance of Bitcoin has increased by 0.9%.
On June 12, the Fed will announce its decision on the key rate.
On the eve of this event, increased volatility in the market is possible.$BTC $ETH $BNB
