๐MARKET UPDATE 31/7 #78
Let's take a look at the price movements over the past few days ๐๐
1๏ธโฃ BTC is still trading just below the 29k8 liquidity area.
2๏ธโฃ Trading volume is less than average.
3๏ธโฃ The market went sideways
BTC downside target is 27k3
๐ The fact that BTC broke below the huge liquidity area above shows that BTC's bullish momentum is gone. However, BTC has only stopped at a slight decrease, but has not created lower lows at the present time.
Market structure remains bearish for BTC. We will change BTC's view, if and only BTC returns to trade above the 30k region.
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Disclaimer: This is not investment advice. All trading decisions rest with the individual trader, so please Do Your Own Research before investing your assets.
#BinanceTournament
Let's take a look at the price movements over the past few days ๐๐
1๏ธโฃ BTC is still trading just below the 29k8 liquidity area.
2๏ธโฃ Trading volume is less than average.
3๏ธโฃ The market went sideways
BTC downside target is 27k3
๐ The fact that BTC broke below the huge liquidity area above shows that BTC's bullish momentum is gone. However, BTC has only stopped at a slight decrease, but has not created lower lows at the present time.
Market structure remains bearish for BTC. We will change BTC's view, if and only BTC returns to trade above the 30k region.
----------
Disclaimer: This is not investment advice. All trading decisions rest with the individual trader, so please Do Your Own Research before investing your assets.
#BinanceTournament