📊 BTC Analysis July 26:
Current Developments: BTC fell from 68.4 to 63.4 (the intersection of EMA 34 and EMA 89), then recovered to around 66 and is currently trading between 66.9 – 67, 3. 📈🔍
🔼Support:
📈65.4 🔒
📈64.9 🔒
📈62.7 – 63.5 🔒
📈60.7 – 61.2 🔒
⏫Resistance:
📉66.8 – 67.3 🚧
📉67.8 – 68.5 🚧
🗣️ Prediction:
BTC has regained its divergence point and short-term recovery, so two scenarios are possible:
🔹 Case 1: BTC can sideways at the current area and accumulate, returning to resistance areas on the daily and weekly frames. 🔄
🔹 Case 2: BTC can adjust to the lower support zones to gather liquidity and accumulate before a bull breakout. 📉
🔸 Personal Comment:
I lean towards case 2. EMA 34 and EMA 89 are intersecting at the 63.4 area, suggesting that BTC could recover around 5%. Expect BTC to stay sideways in the short term in the 65 - 66 area until the end of the week. 🗓
