It it End of BITCOIN Uptrend?

Hello Guys!

You can observe a trend slowdown on the BTCUSDT pair and a decrease in volatility in the triangle, which is shown in the first 4H chart. The breaking of the triangle is expected until June 30.

We are inclined to short-term correction of the uptrend to the area of Fibonacci levels of 0.5 - 0.618, which are in the price range of $7000-8000.

It makes sense to open long positions after correction, or in case of breaking through and fixing the price above the level of $10300.

Stay tuned and keep your risks under control!

Best Regards
FOBS Team