BTC- Still hitting our head

Jul 29, 2022

On the 4H we can see that clearly sellers are still at the $24,300 levels. We have also hit our head at the top of our parallel channel that has been very accurate for the past 2 months. 4H is perfectly at overbought conditions on our RSI. Could move us back down to the key $21,400-22k levels to test for a new higher low to continue the uptrend. If we do start closing candles above things could get very bullish, but for the time being the bullish momentum has stalled.