At Bitcoin market, it currently looks like summer vacation by big players, which is characterized by a certain passivity in trading. The movements what we can see all month are insignificant and the price is kept in one area. It can also mean market maturity and getting rid of high volatility, but also expectations from institutions and their interest in the Bitcoin itself.
Let's look at the technical analysis:
On the monthly chart, June was closed with a bearish candle
The volume of trades is still low and Bears predominate
Daily MACD down crossed
In the coming days, it will be very important that BTC does not fall under the support of $ 9000, if this happens we will probably look at $ 8500/8400
If BTC wants to wake up to a bullish trend, we finally need to beat the price of $ 10,000, from where we have been sent back down several times since May
Trading Tips:
Open Long around $ 9000 SL 5%
Open Short around $ 9450 SL 5%
Let's look at the technical analysis:
On the monthly chart, June was closed with a bearish candle
The volume of trades is still low and Bears predominate
Daily MACD down crossed
In the coming days, it will be very important that BTC does not fall under the support of $ 9000, if this happens we will probably look at $ 8500/8400
If BTC wants to wake up to a bullish trend, we finally need to beat the price of $ 10,000, from where we have been sent back down several times since May
Trading Tips:
Open Long around $ 9000 SL 5%
Open Short around $ 9450 SL 5%
