Congrats to Bulls, BTC exceeding expectations and performing rather well in May.
What are we in for.
Well we potentially saw a buy back zone of 9760 and a retest of our major retracement level of 61.8 from FEB which appears to have resisted a potential H&S formation.
Its not surprising that we saw visit back this region before continuing onwards to our target of ~11500. Note Stochastics on 4h remaining neutral.
From 11500 the divergence on the daily scale needs to be settled which may occur with a rude pullback to the 9.5 followed by a potential visit to 8's and overperformance to the downside with a high 7800.