BTC Update:
Date: 7 July 2024
Do not miss it if you believe on charts and cycle. I hope after reading it you don't need to read or watch another analysis or posts.
Note: I am not financial advisor. Do your8 own research before investing . At the end of post if you find it helpful then like it and share.
First look on below attached picture ๐ธ , then start reading further or better understanding. Trend line in 1H time frame is breaking toward down side ๐, indicating bearish momentum. From this breakdown we can get a downward t.p till
1. 53,500
2. 52,000
Also on same side BTC is also forming Head and Shoulder pattern indicating Bullish sign . So, wait if neck line breakdown in 4H TF ( Close 4H below 55,700 ) then 53,500 area will be confirmed . On the same side if BTC close above red resistance level then we can see next stop 60,500 and 62,500.
So, it is better to wait for some time more before taking any action. Keep following #MU_Traders for further updates.
Read our 100X coin report from here .
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