#BTCUPDATE - 14.7.21
MORE CHINA FUD!!!
You would think they were running on an empty FUD tank by now - although a 6th province brings in a mining ban. It is looking like we are back into a bearish scenario and buyers are not really going to be happy until a chance to buy again at 30k or even lower.
I am pretty convinced we will see 30.5k or below now with the general sentiment of the market.
We are currently in quite a low liquidity area and with BTC's lowest trading volume since 2020 drops can be quite aggressive.
There is a bullish scenario but it will be build on matchsticks - if we can break out of this down ward trend we may see a bullish H/S pattern emerge.
My play with BTC right now is short to 30.5k and have my buys for BTC to accumulate at
> 30.5k
>
29K> 26k
> 22k
>20k
> Anything below that I will remortgage all my properties and buy as much as possible.
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