BITCOIN $26180 Breaking Below The 3D 21ema Price continues its consolidation btw 26500-27500 for the last 2weeks. Bears are controlling the 3D trend because price continues to stay below the 3D21ema and macd remains negative. However, the W downside volatility has not picked up yet since the W macd is not yet negative and price is above the W21ema. So, bulls could use that as a plausible argument to continue to try to defend the 27-26k range. The probability to print a zig-zag is not high at the moment knowing that in general from May-July, market tends to be boring, bearish and or choppy.
Support based on the fibs are 24-22 (0.382-0.50fib) Immediate resistance at 27.5-28.3k.