BTC likely to test 60300 pqNPOC before new demand kicks in
Deribit and OKX quarterly futures look bearish compared to perps. This is usually a sign that price will continue downwards for the short term. Possible targets remain 60300 pqNPOC and ~56000.
Even if price bounces from here, the order books look bearish overall. Any rallies will likely be sold into. 'Sell in May and Go Away' looks to have come 1 month earlier than expected.
Even if price bounces from here, the order books look bearish overall. Any rallies will likely be sold into. 'Sell in May and Go Away' looks to have come 1 month earlier than expected.