Bitcoin / TetherUSShort
BTC Analytics Jul 18
Hello everyone!
Well, in the past 24 hours BTC has fallen below 30000 and basically continues to move at +- around 30k.
Market cap - 1.2 trillion, BTC dominance index 50.13%. Fear and Greed Index - 56 (Greed).
Nothing changed globally on BTC, there were no tests of key zones.
There was a stop at the lower boundary of the current side channel(range ~ 30500-29800$). But the correction is not yet complete, the main downside target is in the area of $28500, where we are waiting for BTC to make decisions about opening any positions.
On the chart we can notice that on the fall the price formed a compression from liquidity, so we should expect a local upward momentum in the near future.
Big players are unloading the position on longs that opened at the current lower boundary of the range. But local growth up to $31000 is still possible, as it will not affect the structure of the correction.
At the moment the situation looks downward, so it is inexpedient to wait for growth from the current levels.
Possible price movements are marked on the chart.
Good luck and patience!
Always in touch,
Relictum Analytics
Well, in the past 24 hours BTC has fallen below 30000 and basically continues to move at +- around 30k.
Market cap - 1.2 trillion, BTC dominance index 50.13%. Fear and Greed Index - 56 (Greed).
Nothing changed globally on BTC, there were no tests of key zones.
There was a stop at the lower boundary of the current side channel(range ~ 30500-29800$). But the correction is not yet complete, the main downside target is in the area of $28500, where we are waiting for BTC to make decisions about opening any positions.
On the chart we can notice that on the fall the price formed a compression from liquidity, so we should expect a local upward momentum in the near future.
Big players are unloading the position on longs that opened at the current lower boundary of the range. But local growth up to $31000 is still possible, as it will not affect the structure of the correction.
At the moment the situation looks downward, so it is inexpedient to wait for growth from the current levels.
Possible price movements are marked on the chart.
Good luck and patience!
Always in touch,
Relictum Analytics
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