BTC Market Movement Dated june 10, 2022

 06/09/2022 

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Whales Huntersᵀᴹ - Market Analysis

June 9, 2021

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🐠TECHNICAL (4H)

BTC is still trading above our #28,730 key long term support level, however, it's starting to show some lower time frame bearish sigs, which if manage to gain enough momentum could take BTC towards #28,000 and potentially lower. The bulls are trying to hold strong and need to see a move soon to get out of the quicksand.


🐠SENTIMENT

Sentiment is pretty much neutral, as both the bulls and the bears are currently waiting on the sidelines for mid term price action confirmation. With a solid break above our short term range, we would see sentiment exploding and likely kicking off a multi month bull market.

Even with market conditions favorable to neither the bulls or the bears, we still can see a couple of high profit potential and high probability setups about to be confirmed on lower time frames, which do carry a higher risk but will become extreme home runs if they manage to play out.


#BTC DAILY RANGE: 

📈Upper Limit: 32,537

📉Lower Limit: 27,238

(+-15% based on moving average volatility open/end points)


🐟SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🧭LONG

$28,730

📡SHORT

$36,431

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