BTC - Update

Jul 30, 2022

After breaking above $24,500 things could flip bullish. Although this might be a fakeout, I wanted to outline this key support line we are at right now to potentially get one more test to that resistance. If we close a daily below our parallel channel (blue line) it could still be bearish but will update the idea once again tonight depending on how it plays out. This is only a scalp long for the time being.