BTC needs to hold this level

2022年7月22日

Wassup guys?! Bitcoin broke up out of the rising channel (yellow) then dipped back inside and then broke up once again. I think the cyan area is critical level for BTC - actually the red uptrendline - and bulls need to hold it for further gains. If broken down, I think price could spill as low as to the channel lower edge. What is your take on Bitcoin price action? Let me know in the comments. Enjoy the weekend!

EDIT: Please ignore the left-hand side scale, just forgot to remove, it's not relevant to BTC.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

2022年7月24日

註釋

Red uptrendline broken and price still staying back inside the yellow channel which is bearish sign for me. See follow up idea here: