BTCUSDT- August 2, 2021

BTC went to a good high and then pull backed a bit. However, the pull back is not a negative thing.. it is better to go up slowly and steadily. Currently any level below the 40 k levels is a good entry point. It should make another bid to cross 42 k this week. Also, it is for the first time above the 21 day EMA. Currently trading in a channle in the chart and can go all the way up to 42k and above soon as well.
Trend Analysis

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