[Bitcoin] Attempt to reboud at $29.8K, how far can it go?

#Crack #Bitcoin #Binance #Daily

- Bitcoin is trying to rebound after falling to the $28.1k-$29.8k section, which was importantly mentioned after the last briefing.

- The green trend line connecting the low on January 4 and the low on June 22 also shows a rebound in the overlapping section and a signal of the possibility of a continued trend reversal in the RACD candle indicator, so if the 31k-31.6k resistance is broken, $35,071 and blue bullish channel lower resistance retest draws an bull trend.

- A break of $35k is important if a strong rebound occurs. Even after the breakout, the $35k support retest should be successful until the $37.8k-$39.4k resistance breakout, where the lower resistance of the bearish flag pattern is located.

- If the $28.1k-$29.8k support fails after the failure to break out the $31k-$31.6k resistance, as mentioned in the previous briefing, a decline to the $10k-$12k should also considered in the future scenario.