#BTCEUR July'24 review: BTC chose the orange path, briefly peeked below 58k #EUR and is currently defending 0.382 retracement of the July rally. If this mini pullback on the 15min chart holds 59.5k to make a higher high, preferably above 61k we will have a clean impulsive #Elliottwave to work with.

Bigger picture on the hourly, aggressive short should move stop down to 62k while 58k becomes interesting for aggressive long.

More context for July:

- from July 22 : "We're now at the 2.618 extension off the July low coincides with the 0.764 retracement off the March ATH. Expect more resistance for $BTC " => signaled limited upside potential;

- from July 26 : "I believe a better chance to buy $BTC is going to present itself soon" => it was 62k then and went briefly above 64k, getting sub 60k now;

- from July 29 : "the 0.618 retracement of this July rally currently coincides with the Apr.2021 top around 54k" => 52k-54k should be strong support;

So with weekly levels from BTCEUR 24Q2 review still applies, we now have a more immediate bullish setup to work with. As long as 51k holds, new ATH should be seen by 24Q4.