Lot of people are still bullish about NY Consensus conference, because of the last years. I Think BTC need to see once again bottom to go finally UP. (bullrun in 1st week of june) We are perfectly retest 200EMA couple of times and go lower. Today 8 EMA crossed 200EMA and once we break 8200 zone, we will go 7800 zone. After that it will be really easy go trought 7400 and end up around 6,6K region.
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BTC still struggling between 8500 and 8200 zone. We just have to wait for confirmation. Once we break and close below 8200 region, I will short BTC to 7800$. Patience is KEY here.
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BTC smash 8200 and close on 8050+- where is 61.8 fibo. I Think we can see quick pull -back to 8200 and than close below the today opening price. 8045 is just matter of time, but break through 7800 region is big challenge fro BTC .
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Now we are again in consolidation zone. There was small sign of Bulls, but they are too weak fot push higher from short bear trend. In coming days, we can see some retest of 7,600-7,800 zone and after that finally, next move down to to 6,800 and than to 6,650 region. Actually, there is still chance, we fall down to 6K region before end of the week because of the coming weekend.
Right now I still believe in 5,500$ target. Now more realistic, than before...