#BITCOIN Bearish Pressure Continues 27.05.2021

$BTC continues to trend below the daily 8 EMA line, hinting that it is not done with the bottom waves. My targets unchanged – 30000-24000.

Musings:

There are too many possible corrective waves and it’s next to impossible to forecast the next move. The most important thing is that the 8 EMA resistance is not broken yet and both weekly and monthly candles are bearish so far.

Let’s see how this week closes on Saturday. The month end print on May 31 will also be very critical.

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