BTC/USD (50W MA is Hodling)

💎Technical Analysis Summary💎



BTC/USD


-The Bitcoin Bulls defended the 50W Moving Average support
-The weekly candle closed with a bullish rejection at the key interest area
-The fight is not yet over, there is a lot of work to be done
-Many are looking at a potential big H&S pattern
-But the Bears are struggling to close below the 30k level
-Strong Bitcoin buyers are jumping in to buy every dip
-I'm currently sitting on the sideline, waiting for the next move
-Even a bullish Altcoin setup can go wrong if BTC decided to go south
-I'd rather stay in cash and patiently wait for high probable setups
-Only a few days before the monthly candle closes
-July is coming, many opportunities are just around the corner
-Guys, don't rush in, we will have our next shot very soon
-Have a nice day & stay safe! :)



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