Corona virus summary:
Israel is experiencing an alarming surge in new coronavirus cases which has prompted the government to approve reimposing a controversial tracking system administered by the country's domestic security agency, the Shin Bet.
Cases in the country have rocketed again after Israel eased restrictions at the end of May, a move that coincided with the Shavuot holiday and saw crowded beaches on both the Mediterranean and around the Sea of Galilee.
Technical analysis:
BTC has been trading downwards. As I expected, the price tested the level of $8,990 and almost met our main target at $8,890. Anyway, I still see downside movement due to strong downside momentum in the background. The target is set at $8,890.
Trading recommendation:
Resistance is set at $9,315
