BTC Momentum Tracker #4: Augst 22, 2024

Following the recent sharp decline, the solid downtrend will likely continue if we don't see a strong recovery just as our scenarios suggest, in which case we should pay attention to the price action in the 57.5k-54.5k level, marked by one of the green boxes.

The HELIO Signal has been updated and supports the forecast mentioned above. For more details on this view, please refer to the previous articles in this series.

4H

3D