INITIAL ASSESSMENT FOR 30/07
BTC STRUGGLES TO RECOVER BUT FAILS
*Daily timeframe:
- On 29/07 after BTC made an effort to test up to the 64.705k area, the price was pushed back down to the 63.24k zone. The session close was at 63.959k—slightly higher than the previous day’s close. This continues to form a long-legged Doji candle (Japanese candle) closing below the Kijunsen line of the Ichimoku cloud + volume higher than the average of the last 20 sessions. BTC is currently ranging around the 64k area.
- RSI: Below 50.
- MACD: Negative.
*4h timeframe:
- BTC closed above this timeframe with a bullish counterattack candle. It closed at the 63.959k price area with a slight wick reduction, indicating that the Buying side has not yet truly gained dominance—the close is still below the MA50 and MA200 lines on this timeframe, showing BTC is facing resistance in the 64k area.
- RSI crosses up the signal line.
- MACD is approaching the signal line.
+ Scenario 1: BUY when price tests down at 63.3k–63.4k
Expected TP: 63.9k–64k.
+ Scenario 2 (main): SELL in the 64.25k–64.4k zone
Expected TP: 62.3k–62.6k.
* Gold (XAU): On 29/07, Gold dropped to around 4003 and then closed higher by nearly 100 points after an interest-rate news announcement where the rate was kept unchanged by the FED. It closed at about 4092 with volume much higher than the average of the previous 20 sessions—implying the chance of retesting the 4170–4200 zone.
* Oil (WTI/Oil): Political tensions continue to help Oil recover from 79U to 85.5U. Oil may recover further toward the 88U–90U area before continuing to form the next trend.
+ Gold trading scenario: BUY gold in the support zone 4050–4060, expecting TP at 4100–4120 (tight SL depending on position)
> BTC scenarios SL 500–700 points from Entry
"Best Price Information at the Current Time"
* If AE wants to chat, hop into the first post group nhé!
BTC STRUGGLES TO RECOVER BUT FAILS
*Daily timeframe:
- On 29/07 after BTC made an effort to test up to the 64.705k area, the price was pushed back down to the 63.24k zone. The session close was at 63.959k—slightly higher than the previous day’s close. This continues to form a long-legged Doji candle (Japanese candle) closing below the Kijunsen line of the Ichimoku cloud + volume higher than the average of the last 20 sessions. BTC is currently ranging around the 64k area.
- RSI: Below 50.
- MACD: Negative.
*4h timeframe:
- BTC closed above this timeframe with a bullish counterattack candle. It closed at the 63.959k price area with a slight wick reduction, indicating that the Buying side has not yet truly gained dominance—the close is still below the MA50 and MA200 lines on this timeframe, showing BTC is facing resistance in the 64k area.
- RSI crosses up the signal line.
- MACD is approaching the signal line.
+ Scenario 1: BUY when price tests down at 63.3k–63.4k
Expected TP: 63.9k–64k.
+ Scenario 2 (main): SELL in the 64.25k–64.4k zone
Expected TP: 62.3k–62.6k.
* Gold (XAU): On 29/07, Gold dropped to around 4003 and then closed higher by nearly 100 points after an interest-rate news announcement where the rate was kept unchanged by the FED. It closed at about 4092 with volume much higher than the average of the previous 20 sessions—implying the chance of retesting the 4170–4200 zone.
* Oil (WTI/Oil): Political tensions continue to help Oil recover from 79U to 85.5U. Oil may recover further toward the 88U–90U area before continuing to form the next trend.
+ Gold trading scenario: BUY gold in the support zone 4050–4060, expecting TP at 4100–4120 (tight SL depending on position)
> BTC scenarios SL 500–700 points from Entry
"Best Price Information at the Current Time"
* If AE wants to chat, hop into the first post group nhé!