Btc Update and Market Analysis 03 Jun 2022

 06/02/2022 

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Market Analysis

June 2, 2021

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🐠TECHNICAL (4H)

Btc Update and Market Analysis 03 Jun 2022


BTC has seen a correction of almost 100% of our initial short term impulse move a couple of days ago towards #32,000, reaching #29,000 and pushing high leverage positions to liquidation. After grabbing this short term liquidity, we can very much see some higher time frame bullish price action in the next couple of days.


🐠SENTIMENT

Sentiment has of course dropped after this move, and has reached new short term lows, which is is a great indicator of high volumes of liquidity being tapped. After this, we will likely see an increase in bullish momentum. extending for 1-2 weeks, which should be enough for a relief in BTC and ETH.

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