BTCUSD Daily cautiously bullish. Recommended ratio: 70% BTC, 30% Cash. *Markets seem to think that the Fed has subdued inflation in the short-term, the US Jobs report due to be released on Friday (07/09) should give some clarity as to how much of an economic slowdown is underway and how much more is necessary to ring in inflation. Additionally, the CPI report due at 830am (EST) on 07/13 will also provide clarity regarding whether or not inflation is coming down enough. The latest real GDP growth estimate (07/07) provided by the Atlanta Fed's GDPNow came in at -1.9% compared to -2.1% on July 1st. Celsius celebrates a victory today by paying down the remaining $41.2m DAI left on the Maker loan which freed up 21,962 BTC (~$440m) that was held as collateral. Market's are eager to call for a bottom but with the global economy slowing, global inflation soaring, the Euro crashing, a UK parliament reshuffling, Russia continuing to push west in Ukraine, China prolonging their 'Zero-Covid' policy and supply chains not expected to return to pre-Covid conditions anytime soon... it's hard to say the carnage in 2022 is over.* Price is currently at $20930 and attempting to break out from a twenty three session consolidation at $20k. Volume remains Moderate and is currently on track to favor buyers for a second consecutive session if it can close today in the green (this would also give buyers dominance in four out of the last five sessions). Parabolic SAR flips bullish at $21625, this margin is bullish. RSI is currently trending up at 43 as it tests 42.41 resistance, the next resistance is the descending trendline from January 2021 at ~49 (CRITICAL). Stochastic remains bullish and is currently testing max top where it can coast in the "bullish autobahn zone" for some time. MACD remains bullish and is currently trending up at -1390 as it tests -1435 resistance; the next resistance (minor) is at -869. ADX is currently trending down at 39 as Price pushes higher, this is mildly bullish at the moment. If Price is able to continue up here then it will likely face a bit of resistance at ~$22k before testing $24181 minor resistance. However, if Price breaks down here, it will likely retest $19417 support before potentially testing the uptrend line from April 2017 at ~$15k as support for the first time since September 2020. Mental Stop Loss: (one close below) $19417.