Killa|Jun 01, 2026 17:46
BTC is dumping into the new monthly open.
As we know, the PA and narrative leading into a new month are important, especially since the start of a new month often brings liquidity hunts to either the upside or downside.
If BTC can hold 70.8K, I would expect a local retest of the 73–74K region. A successful reclaim and flip of 73–74K into support would open the door for a move toward 76K, which aligns with the previous monthly open.
However, if 70.8K fails to hold, we could see an extension lower toward 65.2K.
We also have a key pivot date on the 5th, which is worth monitoring closely. Between the 1st and 5th, focus on the prevailing narrative and key levels, then look to assess how price interacts with those levels as we approach and move through those dates.(Killa)
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