🐳 Updated BTC Plan on July 13
In the H4 frame, BTC is creating a Barrier triangle, which is a Horizontal triangle. BTC price is temporarily being forced down. There are 2 cases that we need to pay attention to.
✍️ In the long-term trend, BTC is currently in a redistribution frame to continue the trend or if it breaks, we will start a new wave.
📉 The 58,500-59,200 BTC area still cannot be escaped, showing that the selling pressure is still very large. There will be a BullTrap to approach the upper structural breakout area of 60,100-60,500, then we will Short it to the bottom. But if it only goes up to 59,300 or 59,500 but goes sideways, we will cancel the order. Or if it breaks completely, the Stoploss will only be 300-700 price.
📈 On the contrary, if we really break completely, the 59,300 area and then break through at least 61,600, we can continue for a new wave when we complete the break at 63,000.
👉 In case of breaking and continuing sideway above 60,800
Regarding the long-term price line, it is still in a downtrend. But the price action during this period can determine the trend for the next 1-2 months. So focus on monitoring BTC's price action during this period to make a big move mn.$BTC
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