😲 Midday Market Insights — June 3 😲
Update 👇
Bitcoin dropped from $82,828 all the way to $66,150. That's a $16,678 drop with no black swan event. A bounce is overdue.
Volume has been massive on the last 3 candles but price barely moved. That's unusual. Bulls are trying but bears are still in control — shooting star confirms it.
For Bitcoin to reverse, it needs to reclaim $67,294 – $67,910. If it can't, next drop target is $65,692.
📈 Long: Break above $67,013 with volume
📉 Short: Break below $66,448 with volume
Resistance: $67,013 → $67,872 → $68,786
Support: $66,429 → $65,690 → $64,918
Don't chase shorts here. Risk/reward isn't worth it. Wait for confirmation before entering. 🙏
BTCUSDT
Trvl
65,913.5
-2.64%