Initially, I thought the month of June would be different from what we experienced in April and May, and indeed, it started on the right footing, but with time, it gave up to the pressure of the Bears which are now becoming more dangerous by the day. Bitcoin is facing a lot of liquidity issues now and is bringing back the FUD to the market, no more FOMO for any reason the way we experienced before. Nevertheless, traders are now getting smarter also, this is in cutting the slice of the cake from the bottom when it has freshly hit the low.

I have done this for almost 2 weeks now and it has been so profitable instead of relying alone on some sustainable bullish movements that will not happen for now. This is expected to continue for a while even as the monthly bias is extremely bearish, it will take time before the market can overcome such a condition. Bitcoin is below many resistance levels now and I believe it should breach above $66,425 and have a daily close above it before any bullish hope can ever be rekindled as far as I am concerned.