My Structural Plan for June đ§”
The market is showing structural weakness as we kick off June. Institutional ETF buyers and whales have actively reduced exposure over the last week. Chasing green candles blindly here is a fast track to getting liquidated.
Here is exactly how I am playing the current market structure and the specific levels I am watching.
đ 1. The Macro Picture & Key Levels
The Line in the Sand: $73,869. Bitcoin needs to reclaim and hold this 0.236 Fibonacci level on a 3-day close to neutralize the bearish setup.
Upside Target: If we flip $73,869 into support, the path opens up to $77,877 structural resistance.
Downside Risk: Failure to reclaim this level puts the lower channel trendline at $70,342 in play. A clean breakdown there exposes the next major support zone at $68,348.
#BTCSpotETF1.42BOutflow #CryptoAttacksDrop90PctInMay #ARKInvestSells352MCircleShares #SolanaResourceBasedFeeModelProposal #ECBHighlightsStablecoinRisks $BTC $BNB
BNB730.14+1.32%
USDCUSDTPerp1.00064-0.00%