ToshihiroHiramatsu

BTC likely to test 60300 pqNPOC before new demand kicks in

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BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Deribit and OKX quarterly futures look bearish compared to perps. This is usually a sign that price will continue downwards for the short term. Possible targets remain 60300 pqNPOC and ~56000.
Even if price bounces from here, the order books look bearish overall. Any rallies will likely be sold into. 'Sell in May and Go Away' looks to have come 1 month earlier than expected.
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