Bitcoin (BTC): Key Intraday Levels

4 Jun 2018

Not much has happened since the last idea was published. We're still working with the Inverse H&S pattern, and currently the price is testing its neckline. The pullback may unfold further, so I draw a couple of important support levels:

• 7500 is the key point of control
  
• 7320 is the right shoulder level. If the price breaks below, the H&S pattern is invalidated, and we will most likely turn bearish
  

Volatility is almost non-existent these days. Breakout strategies are less effective than usually, mind that.