#BTCUPDATE - 15.7.21
ARE WE GOING TO BOUNCE?
No update on the bullish path from yesterday a bounce here will look to confirm a bullish H/S pattern and see a strong challenge of breaking the key 33k resistance.
Losing the 32.2k here though could be devastating though - and a quick fall to 31.5k and then just losing support after support to 30.1k
There has been a pretty tight consolidation since the rejection from 33k which suggests a big move incoming.
We need to get above 33k to have any kind of foothold so right now it is bearish short-term still.
My play is to long to 33k and then use a tight stop-loss - if we break 33k then an ambitious target of 34k.
Losing 32.2k then targets are 31.5k , 31.3k and then a stretch to 30.3k.
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