Technical analysis by Erictaylor about Symbol BTC: Sell recommendation (6/8/2024)

Struggling to hold above 73k we may have found our top here. Time for potential bigger correction. Currently in a weekly considlation pattern so this will take time. Support of said considlation pattern is 62k we could come down and bounce off that. I personally don’t think this patter will turn out to be a bullish pennant Howver it is possible BtC has one more leg upside. That will be deternained based off the way it decides to exit this pattern. For now I will short the upper end of this pattern reistance as it’s become clear around 71,9-71.6 area