SURPRISE SURPRISE CHINA FUD OVER THE WEEKEND....TWICE.
Analysis from BTC remains largely the same as the past couple of days and my personal short to
31K is still in play from $35k. I am expecting to see a strong bounce around this
31K region as it will keep us in this ranging territory and a slow push back up to $40k could be on the cards. There is continued FUD from China though so a well timed news release could see a push down below this and if that the case then - we may see $28.9k then onto $26k.
I am expecting further downward movement and will reassess the market sentiment when/if we get to $31k.
May/June are historically bearish months for BTC and July historically Bullish. Recommendations at the moment is Hold On For Dear life to your trades and minimise new market exposure until we get a confirmed bounce or Higher Lows/Higher Highs.
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