We witnessed sharp downtrend for the one month which starts in the mid of June. There is almost perfect double top formation which based on my experience when is respected by market tend to move price in desire direction for some time not just few days. It seems to me that there is struggle to leave the pair above first GAP. I personally don't think it will stand and the next GAP should be next target. I could be wrong but in my opinion enter the market with current condition is risky. I would look to enter very close to 10k level where the pair will create double bottom formation which would be very reliable. I put short living 200 ema which should give us some insight what the pair is planing :)
Also infinite grow of BTC is not helping pair to move higher.
Also infinite grow of BTC is not helping pair to move higher.
