June 25 (Reuters) – A look at the day ahead in Asian markets.
The wave of profit-taking in U.S. Big Tech and AI stocks appears to be gathering momentum, which could depress investor sentiment and risk appetite in Asia on Tuesday even if it is offset by a rotation into cheaper, beaten down sectors.
BTC bulls will only give up the fight with legs dragging and kicking out of long positions.
This runs contrary tp what charts are showing, which is momentum tilted to the downside.
Thea level to watch is 60,000 as a firm break would put the major support (see chart) on the radar. A break of this level would end thoughts or should I say hope and prayer of testing the record high.
Back above 63,303 and then 65,000 would be needed to neutralize the risk.