$BTC Analysis + Signal Alert 🚨

1. Bitcoin began the week by continuing a strong move down as the selling pressure ramped

up. Price reached supports down in the 58k area, where a gap was filled from the last

major bounce and then price found stability above the $60k level. This week is setting up

well as we are reclaiming major resistance at $62k, this reclaim is leading to a major

bounce across the market.

2. The summer seasonality has made things more difficult for trading conditions, but market

is still able to give us these range moves to play, level by level.

3. Now that the Halving is in, focus your power on any upcoming uptrends. It won’t beanything instant but it could take weeks to month to begin really pushing.

My main scenarios for this week:

1) Look for a breakout of the $62700 level for a move back towards the mid range at

$65k. Good targets as we flip this level are $63300, $64100, and the mid range at

$65k. Anything higher than the mid range could begin a move into the higher

bound of the range, which is still speculative, so I will not play that yet.

2) Look for a breakdown at the $60k level as that is where the unprotected lows

stand, this level is where a larger move down could begin. A breakdown at the

$60k could lead to a move down to supports at $59200, $57300, and $55800.

5. I will be updating the charts and scenarios through the daily watchlists.

#BinanceTournament #ETH_ETFs_Approval_Predictions #BTC☀

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