#BTCUPDATE - 19.7.21

19 ביולי 2021

ANOTHER DAY, MORE UNCERTAINTY

Still not confirmation for direction of BTC - continued testing of this critical 31K region. A break down will spell bad news for Bulls and a potential 28k can be seen very quickly.

Trading volume is incredibly low for BTC now - currently it is a case of FUD holding back new money, so ultimately we need a big WIN for BTC to help break up out of this resistance.

Yet again though we can only really sit and wait/react accordingly as we are consolidating in such a tight range.

My play is:
Break below 31K then target 30k
Break above 32.2k then target 34k

I believe a move either way will be big and dictate the next month at least.