UPDATE ON THE SITUATION OF BTC AND THE ENTIRE CRYPTOCURRENCY MARKET ON THE EVENING OF JULY 21, 2024
Currently, the price line of BTC in the H4 frame is following a parallel price channel and showing signs of going to the base of the previous rising wave (61k8-60k9). Hopefully the double top model will end at this price range.
However, you need to observe the necessary and sufficient signs to end this downward wave:
1. The slope of the wave must decrease
2. Signs of bottom divergence when reaching the upper price range
3. There is a cluster of reversal candles that cuts through the lower border of the Bollinger band (the cluster of reversal candles may be a cluster of morning star candles when the selling pressure is quite strong at this time)
Old LONG altcoin positions trapped on June 7-8, 2024 have the last chance for DCA to exit when BTC has a rebound to the neck line of this double top model (about 67k2xx).
Please pay attention to the above conditions to be sure to place an order...
In addition, looking at the firchart shows that the buy wall has been gradually pushed up, the liquidation zones from 68k are getting darker, the CVD order book now has two small fish left, green and orange, participating. participation is needed. New shark prices hope to reverse the trend
REMINDER, THIS IS THE LAST CHANCE FOR PEAK POSITIONS BEFORE THE BREAK OF THE CENTURY WHEN PRICE RISE TO 72-73K
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