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Bitcoin scenarios 2nd of August 2021

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi guys,

BTC is moving to complete wave C of the correction cycle on the daily, as previously projected. We are seeing a hidden bull being formed with the RSI on the 4h timeframe. I think we're going to retest the 41.000$ levels soon and then go down to the 37.000 $ area for a complete retrace before going up again to break the 43.000$ levels.

Bull : 4h close over the 43.000$ levels
Bear 4 h close under the 35.260$ area

Not financial advice, do your own research. Educational material only.