BTC ANALYSIS 19/07/2021

BTC / USDT

📌 Daily Analysis :

Btc on daily Chart still forming lower lows and Lower highs...Bears at this moment still have the upper hand

But as you saw in previous 2 months BTC in this range and BULLS always react strong around 30k support I want to see price action around this point (30k-28k) ..will they hold again ?


📌 In Weekly Chart :


BTC was holding above 34k in last 8 weeks ..this week first time BTC closed below it and below 50w ema ..which is bearish sign

What can change view to bullish if BTC managed to close above 39k-42k weekly

Also history tells BTC can can do surprise movements in some time like that

📌 What we can do ?
react to market not preceding it
There always good point for rebuy but when ?
When we have good signs for that
Otherwise its just gambling

Best of wishes