The BTC rate reached a test of $64,306 - the 0.5 Fibonacci level with a low on May 1 and a high on June 7. We wrote about it in today's review.
Moment of truth? For bears, it is important to consolidate below the body of the daily candle. Although securing a four-hour TF will be a positive for them. Everything below is still a squeeze. Especially considering the volume and mirror level of $64,120 nearby. We remind you of this part of the review:
“If, after today’s additional liquidity gain from below, the price is unable to break through this EMA or consolidate at least on the four-hour timeframe below the volume level of $64,120, this will already invalidate our expectation of a rebound in the formation on June 15-17 and the fall may continue to the following supports:
- volume level $62,987,
- volume level $61,231,
- volume level $59,335,
- upward trend since October 2023 (currently at $58,310),
- volume level of $57,709, where the EMA 200 daily TF now fits.”
