BTCUSD lots of overhead resistance, sell.
BTCUSD (Coinbase) is still in consolidation and has not broken the enormous range of the 19 May candle. BTC will need to stage a strong upthrust through the upper range to re-energize bulls, but overhead resistance is robust.
Today BTC is running into broken head and shoulders trendline resistance and then faces 200 day SMA before the dreaded death cross projected for 23 June. Odds favor resistance holding with target 31000, but set short stops at 43800.
Today BTC is running into broken head and shoulders trendline resistance and then faces 200 day SMA before the dreaded death cross projected for 23 June. Odds favor resistance holding with target 31000, but set short stops at 43800.
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