#BITCOIN $BTC Breakout Getting Closer 04.06.2021

When just minutes before the cut-off $BTC drops from above to below the 8 EMA line, one better pay attention! At the same time, the daily candle formed Bearish Engulfing covering the bottom wick of the previous candle – another quite strong bearish message. Also note that the volume on the red days is higher than on the green days.

Based on these, I am expecting the next candle to be red. The probability of a downward breakout from the triangle has increased.

Tomorrow is the day of weekly candle. Something tells that this weekly analysis should be entertaining.

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