Weekly outlook August 26-30 $BTC

Exercise with caution on BTC. We are still below the 20 W EMA, and below a daily trend line of 70k. However we are back above the daily cloud. From a technical standpoint, its quite mixed and Risk/Reward is not favorable here imo. Waiting for the breakout above 70k would be the ideal move since BTC has been in consolidation for some months now.