BTC/USD

Bitcoin fell around 4% by early US trading on Monday, in the biggest one-dal loss since Apr 30.

Fresh acceleration lower is pressuring psychological 60K support (also near Fibo 76.4% of 56427/71929 rally).

Stretched daily studies add to signals that bears would face increased headwinds on approach to 60K pivot, with upticks to stay under the base of thick daily cloud (64214) to keep bears in play and offer better selling levels.

Sustained break through 60K zone to open way for test of 200DMA (57331) and test of key support at 56427 (May 1 low).

Res: 62349; 63235; 64214; 64815.
Sup: 60085; 60000; 58608; 57331.

Chart


The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

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