Hello traders, here is my view for btc at the moment :
Bitcoin was in bearish move since May 5th with increasing volume + open interest and convergence with RSI momentum in daily timeframe, this is a confirmation for strong bearish move.
What I expect :
BTC weekly closed below 26900 next stop is 25k area
BTC weekly closed above 27250 next resistance is 28k area
But BTC would not go above 29k IMO since there is a strong channel resistance.
I personally bearish for BTC since the abc correction target is on 25k area which is psychological number + fibonacci retrace confluences.