Bitcoin is at ~$7640 right now. It's right at the resistance line of the downtrend that has been happening the past month from $9900. It could still bounce off resistance at these levels and drop down again, signaling that the drop will last a bit longer. But if the price makes another move up today that will clearly signal it has broken the month long down trend and we should possibly $8500 by mid-June.
Longer term, a wedge has been forming the past several months, that wedge comes to a point in late July. Right now we just came off the bottom of this wedge right around $1000. The top of it right now is around $8500. So at sometime in the next 30-45 days Bitcoin will probably break out of it decisively, if it breaks out above $8500 that should signal a move to test the $10k resistance again. As long as it does definitely break this month long downtrend today/tomorrow I think there is a good chance to see it break out of the ~4 month wedge its been oscillating in and see another run at $10k in about a month.
So tomorrow (june 3rd), if Bitcoin is at least $7700, would be a great time to buy with a sell order in the low to mid 8000s, and then wait to see if it falls off the longer term resistance line, if it breaks above $8500 at that point, then that would be another good buy with a sell in the mid-to-high 9000s.
