#BTCUPDATE - 30.7.21 LITERALLY NO SURPRISE
As I have been warning for the past few days BTC has been throwing up bearish flags everywhere.
We are straight down to first support - which is quite a strong one of the 200 DEMA although I think a small bounce here and the US online will sell and push down quite steeply. It should be an interesting weekend.
If we lose this support at 38.5k then next stop imo is 36.3k.
Benefits here are that we needed a correction after a heavy pump - and it is setting up nicely for an ultra bullish August. When ETH London Hardfork & German Institutions come online.
My play is to target 36.8k from here and then see if it holds - if not then look to 34k. In the same breath start accumulating/DCA'ing BTC on the way down now as the come back pump is gonna be REAL!!!!
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