Bitcoin Bullets® Market Analysis

July 4, 2024

➖➖➖➖➖

⚪️TECHNICAL (1D)

Bitcoin has failed its retest and is now attempting to break down below the horizontal resistance level. A successful breakdown followed by a retest beneath this horizontal resistance would confirm a bearish trend. However, if the bulls manage to regain momentum and push BTC back above the horizontal support with significant trading volume, it could indicate a potential market reversal.

⚪️WRAP-UP (VIP)

BTC failed the retest and is attempting to break below horizontal resistance. A breakdown and retest here confirms a bearish trend. A bullish reversal is possible if BTC regains support with strong volume.

$BTC DAILY RANGE:

📈Upper Limit: 62300

📉Lower Limit: 57800

(+-11% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🔵LONG

💲55000

🔴SHORT

💲62000