2 of 11

BTC analysis and Data

BTC Rejected the ATH level and as I mentioned yesterday it will probably retest the monthly open level.
We are currently at this level trying to bounce back , back it has lot of work to do in order to be bullish again.
Bands are red and 50EMA on the 4H chart is above us → We are on a downtrend
We must not lose the range low at 66.000, if we do we are entering the previous value area (66.000-60000$) where bitcoin can range for rest of June.
If we lose monthly level again I will starts looking for short more aggressive.
Daily bands still holding pretty well on 50EMA but structure wise its more weak ,thus I expect to lose them for a while during this month.
RSI : No divergence on the 4h trend - BIG divergence on Daily chart
MACD: They are colding after the cross we had yesterday, this might stay like until BTC bounce here and grab some stops above.
KEY LEVEL: 66.000 the ultimate key level that we must not lose to stay on this range.

3 of 11

Charts: BTC 4H

Chart: BTC 1D - UPTREND

Data Analysis

OI → Observing the OI we can spot some harmony with the price. Positions were building yesterday on the way up after the CPI news, but all got rekted on the way down. Currently OI is flat , so the price, and market needs to figure out itself for the next move. Market cant move that way.
CVD spots and futures→ Spot leading the move once again here in low time frame. FUTS selling pressure I would say its coming from the longs that closed.
Liquidations→Longs got rekt on the way down since yesterday.
Heatmap→ We do not have enough liquidity below , but as you can see above 68.500$ till 700 we have around 50M.. this might be a good reason to bounce today.
Funding rate → still below neutral , good sing - room for a bounce at least.

Data Analysis: 15m BTC

Liquidity Heat map

ETF flows:

100M inflows, market might perceive it as bullish today - we might see just price go for some stops above.

Trades & Paths short term

Orange path→ Go further down towards 66.000
Black path→ Continue lower - loose 66.000
Red path → Retest the ATH pivot level ( from there will see the dynamics)
Purple Path → Come back inside the green box (support & range low) and accumulate there.