Bitcoin moved within the range of 67257-68797 during the day
At the time of writing the Review, the price of the main cryptocurrency was 68570
Market capitalization 2.49 trillion, dominance index 54.35%, fear index 73
Stock markets are positive - Asian indices are growing, S&P 500 futures too, the dollar index is about 104.5, the yield on 10-year bonds is also falling.
Among the important news for the stock market, I will note the data on the labor market on June 7 (Non-Farm Payrolls).
There will be no comments from the Fed this week; they have already entered into silence mode before the meeting on June 12. But the markets understand that the Fed has no alternative to quickly easing monetary policy. Surprises and the main risk for stock markets may come from geopolitics.
Bitcoin spent the weekend in the expected range, and now the price has approached its upper limit. For further growth it is necessary to overcome the resistance area at 68800-69000.
The priority option for today is Bitcoin in a range with a lower limit at 67000-66500 and an upper limit at 68800-69200
Alternative - consolidation above 69200
Binance announced the delisting of waves, xem, omg, wnxm from June 17th. Following the announcement, listed assets fell by 20-25%. When a similar story recently happened with XMR, it initially fell sharply, but has now fully recovered.
Among the alts, the growth leaders are again NOTCOIN, as well as TON and KAS. The meme sector looks weak, but will clearly shoot well if Bitcoin consolidates above 69K.
Here you have two ready-made trading ideas). The first is risky, the second is relatively safe. After all, there is no doubt that Bitcoin will consolidate above 69K, if not today or tomorrow, then in a week.
