Firstly, looking at the this might be it for the bull run, the looks as if it's really running out of steam. The is also looking like it's ready to tick red in the upcoming weeks.
Key levels are as follows - :
The main support levels are found between $11,200 and $11,300 as well as $10,800 and $11,000, this is what I call the danger zone; a break below could be a serious wound for BTC . A reduction of interest and increase of sweaty palms could see the start of the 2020-2021 bear run.
White: I believe this is the 'fakeout' level, we've previously seen it happen a few weeks ago when we broke around this level but sharply returned to 11.1k.
Yellow: This is perhaps one of the most interesting levels that I watch; mainly because of the that follows. used as a tool in the right situation can be a make or break in profit and loss. However, between here and 12k (in my opinion) is a great place to swing trade if that's a strategy you favour.
Red: Here's where the real begins, this level has previously acted as both major in the past. The is usually sitting at a medium level at this price point; which makes it a curiosity to traders in a way as it could go either way.
Green: This level if we reach it between now and mid-September looks to me like an formation, so I'll be watching that to make a potential profit.
Blue: My personal long-term target for the bear run (if it happens) it's very far away in terms of price but is definitely something I will continue to look towards in the future.