BTC has continued it's downtrend for May after the gains of April. This downtrend for May is also pushing towards a pinch in the triangle in early June, which if the trend for this year is still correct will lead to a (Hopefully!!) Bullish June. Some good bounces on the Fib lines makes it appear one more bounce at the 236 line will give a small rise in the market before one final push south later next week.
Expect some big Bull news in the first few days of June and a market turnaround soon after. If we the bulls don't come out to play in June, expect a push down towards 6000 which will be the next resistance area. Big moment for BTC coming up!