Failing to break 59 - 60k in May lead to bear market
The last time 59 - 60k resistance zone was broken the market was bullish and as you see (green arrow) break out done using 7% candle with good momentum( RSI = 70).
The current condition is so close to 8th May ( red arrow) with frequent testing to break while market was not so bullish ( around 50 RSI with small candles)
The current condition is so close to 8th May ( red arrow) with frequent testing to break while market was not so bullish ( around 50 RSI with small candles)
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