$TNSR $BTC $EDU
My opinion about the decline is that came as an anticipation of 2 things.
1. The release of the inflation data which is due on the 12th of June at 8:30.
2. The Feds meeting on the 12th of June at 2:30pm which will determine the way forward regarding interest rates.
If the inflation data indicate an increase, then the Fed’s job will be harder to show positive outlook in their announcement, and vice versa, as the inflation data will be released hours before the feds meeting.
Prices kept falling until they settled midway (not at the next support lines; not at the resistance line) which indicates anticipation.
Market could go either side tomorrow after 8:30 am New York time and we will know then for sure.
My recommendation is not to take any positions at this moment and wait for the data to take an informed investment decision.
Best of luck 🙏🏻