Technical analysis by MeruEU about Symbol BTC: Sell recommendation (6/4/2024)

Till now we didnt see higher lows on the higher Timeframes. Therefore I would like to see a retracement to the 40k area preferably on HIGH volume. There might be a great buying opportunity comming up after that retest. It could potentially go as low as 10k but that remains to be seen. A break above weekly highs (on high volume) would indicate a bullish continuation. I would wait for a retest of the upper line of consolidation (a higher low) to start building positions.We have started the correction from the 71.000 area on good volume indicating further bearish pressure in the coming weeks. 67.700 is a strong support line which we have approached now, if this fails we will go straight to 60.000.second target reached - bounce from here?