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PowerTrades
Jul 2, 2021 2:04 PM

Bitcoin way forward-near term swing 

Bitcoin / TetherUSBinance

Description

Bitcoin we had a clean upmove from the zones marked at the start of the week.
Move to T2 areas failed, signaling structural weakness.

Now that region of 33800-34K will be a potential resistance zone. Looking for a sweep lower , may be a potential spike to take out stops before the upmove can resume.
Alternate scenario -2 reclaim back 33800 areas

Comment

scenario 2 in play, 34250-500 is a good base now.
Comments
ManOFCryptoWorld
good analysis but I wait for below 30K touch
PowerTrades
@ManOFCryptoWorld, scenario 2 is playing out and the strong orderflow on last few hours means now 34250-500 is a good base.
RealDeal44
Thanks man
PowerTrades
@RealDeal44, welcome- happy weekend
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