10.6.2020 Update (Tue)
The big picture on the daily time frames
BTC remains in a bullish trend with the active seller group still selling in profit, which means buying the dips will still be the priority. Two strong supports below are 10.3-10.5k and 9.3-9.6k. SOPR is close to one, which means the next dip buying opportunity will likely coincide with a “decr. supply” alert.
The ever changing battlefields on the hourly time frames
NEutrAL to bearish
Sentiment neutral to bullish, which is a bearish sign. CME gap still open starting from $10.5k. BTC is traveling in a triangle with resistance at the 10.7-10.8k zone, so I expect a bearish push in the next 36 hours or so. Technical indicators speaking, 1hr- have already shown bearish signs.