Personal assessment $BTC 8/2 :
- Frame D : still in a downtrend. Yesterday's D candle closed red after testing resistance at 71xxx. The price is hovering around 68-69k. The index is at a very low level.
Resistance : 70500 and 73000
Support : 68.000 - 67.000
- Frame 2-3-4D : still continuing in a downtrend. The reversal signs are still intact but need one more pump to confirm more accurately.
- Frame W : the index is at a record low level equal to 2022 when the price hovered around the bottom range of 15-17k. Therefore, I think btc is also at the bottom of the downtrend.
=> Personal assessment :
- Although all major frames of btc are in a deep downtrend, in the smaller frames, it is gradually being pulled into an uptrend signaling that btc may be accumulating and reversing.
I am waiting for one more pump to confirm, it is highly likely to happen today or tomorrow.
Wishing everyone victory !
