If June closes like this there is a very strong case for the bottom being solidified.


This current situation is setting up to be the inverse of the October top.
5 months in the range, with an initial high/low, then a sweep, then the SFP on the monthly.
We obviously have half the month left, so loads can happen, but it is currently shaping up.
Its also very rare for Bitcoin to make a new low and not follow through. If price is weak, it just chews through it.
Close June $65,500 or higher then the macro low is very likely locked in at $60k.
Close below and chances of new lows increase.
This will be a big thing to monitor.
BTC-0.91%
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