BTC LONG potential
Bitcoin is still in a Weekly and daily sell Range. BTC is about $1200 away from changing trend on the weekly and daily. If we do break $41322, this will be positive news for the time being. The monthly candle is about 3 days from closing. If monthly can close roughly where it is now with the break of the weekly and daily sell range. We should have a nice bullish month in August.
If BTC breaks this $41322, I would look for btc to have a pullback and create a Higher low. Especially at the start of the August, This will create the wick of the monthly candle to have a nice strong bullish close end of August. We still have to keep an open mind that there is a alot of resistance around the $48-50k region and Imbalance around the 20k to be filled still. Trade safe and protect your capital!
If BTC breaks this $41322, I would look for btc to have a pullback and create a Higher low. Especially at the start of the August, This will create the wick of the monthly candle to have a nice strong bullish close end of August. We still have to keep an open mind that there is a alot of resistance around the $48-50k region and Imbalance around the 20k to be filled still. Trade safe and protect your capital!
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