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VasilyTrader
Jun 6, 2023 1:24 PM

BITCOIN (BTCUSD): Bearish Fundamentals & Bearish Outlook ₿ Short

Bitcoin / United States DollarCoinbase

Description



Sellers have strongly reacted to the news about Binance CEO.
If you missed, "SEC Sues Binance and CEO Zhao for Breaking Securities Rules".
The market formed a high momentum bearish candle on a daily time frame,
that violated a key horizontal demand cluster.
The broken structure turned into a strong zone of supply.

I will expect a bearish move from that at least to 24500.

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Comments
VasilyTrader
Are you bearish on Bitcoin?
AnabelSignals
Cheers, mate!
EliteTradingSignals
Move down ahead!
SignalProvider
Great insight;))
TheCryptagon
Thank you for the idea. Nice looking chart.
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