BTC Analysis (4H) - May 30 2024Previous analysis on May 21 has played well so far.
BTC is currently in a critical zone where breakout can occur from either sides:
- crossing above the blue trendline and 70600 zone will probably result in a new ATH
- crossing below both white and yellow trendlines and later below 65800 level (as confirmation) shall lead to a dump towards at least 60k - 61k zone
Both scenarios are still valid and possible and we will have to wait and see which one takes place in the next few days.