CryptoSpaceMy

BTC Daily Update 4 June 2021

BINANCE:BTCUSDT   Bitcoin / TetherUS
Based on BTC daily chart, it had stayed above the .236 fib level and also above $37k support after the Elon tweet. Volume is still not looking well as it is depleting.
If BTC is able to close a candle above this support, I expect BTC to retest $40k resistance next. Otherwise we will revisit $36k to retest this support.
Based on the stochastic RSI, it is indicating a bearish cross where this indicates a correction move is around the corner.

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