Bitcoin Analysis==>>Fifth Attack to Resistance lines

29 juil.

Bitcoin is currently moving near important Resistance lines and a Potential Reversal Zone(PRZ). This is the fifth time that Bitcoin has attacked important Resistance lines.

I expect Bitcoin NOT to break the Resistance lines for the first time in the 5th attack.

Also, we can see Regular Divergence(RD-) between Consecutive Peaks.

Also, I expect that Bitcoin will at least fill the first CME Gap($68,700-$68,270), and if the Uptrend line breaks, we can expect Bitcoin to go down to the Support line and possibly fill the second CME Gap($66,350-$65,835) as well.

Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

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29 juil.

Transaction en cours

29 juil.

Trade fermée: cible de profit atteinte

✅First Target Done✅

30 juil.

Trade fermée: cible de profit atteinte

✅Second Target Done✅

30 juil.

Note

Finally, Two CME Gaps were filled.

3 août

Note

All the bearish scenarios were executed well. Given the tensions between Iran and Israel and the drop in US stocks, I expect more Bitcoin falls.