If you understand how DXY and capital markets behave, you will see the oddity in this chart, I think it speaks for itself.
$39-$40 is the support that could be going up or down just need time to see what happens
52.000 - 54.000 is a supply area on focus. To catch a bullish continuation that zone must be broken first. We need at least a daily candle close above that to confirm a breakout. Then a bullish move to 64.000 level will be expected.
Red trendline resistance zone now is the most important resistance and any breakout to the upside then we have the first sign for a bullish market.
You may see more examples of my methodology on this at the end of this analysis.
BTC 4hr Chart 9-07-2021 Please like, subscribe, and share your ideas and charts with the community!
Dot coin daily chart
This is my Idea for BTC
