Market Analysis
June 8, 2024
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⚪️TECHNICAL (4H)
The price was rejected at the horizontal resistance and is now trading above the trendline and horizontal support. A bounce can be expected if it continues to hold above this zone. However, if there is a breakdown and retest of the horizontal support, a further correction is likely.
⚪️WRAP-UP (VIP)
Rejected at horizontal resistance, it's now trading above the trendline and support. A bounce is likely if it holds, but a breakdown could lead to further correction.
$BTC DAILY RANGE:
📈Upper Limit: 72000
📉Lower Limit: 68400
(+-12% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲69000
🔴SHORT
💲72000
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