BTCUSDT $27000 Weekly Update June04 2023 #23

BTCUSDT $27000 Weekly Update June04 2023 #23

Price is back below the resistance 27.7-28.3k
The 3D macd remains suggesting that the trend is still down

The W volatility could picked up since the W macd is flipping negative. Will continue to monitor it.

The Fib levels for target supports remain 0.382-0.50fib or ~22-24k.
Will discuss about 0.618fib if/when necessary, specially on the macro level. That is a strong buy zone if it retests it for the Wave2 potential bottom.
Will continue to monitor the wave2 directional trend.
30.3K remains a level to stay below to continue the downtrend.