Bitcoin | Fundamental and technical analysis for July.

2 ก.ค. 2023

Hello;

1. There is a negative divergence on the RSI on the Bitcoin weekly chart.

2. There is a bearish shark harmonic pattern on the Bitcoin daily chart.

3. The fact that the FED skips the rate hike in June and all FED members approve the rate hike 3 times until the end of 2023 at each meeting means that the price of bitcoin will fall.

4. Now that June is over and there will be a FED meeting on the 26th of July, I predict that this month will be a bearish one.

5. The negative divergence in the technical view and the highest level of RSI in the daily chart support this.

6. When Bitcoin price reaches $21,750, I predict that it will touch the trend line I have drawn on the weekly chart.

7. It is not known whether a new uptrend starts after the trend line, but my predictions are in this direction at the moment.

8. I added the bearish shark harmonic pattern, which was formed after the last rise in prices on the Bitcoin daily chart, as an image on the weekly chart.

Good luck everyone.

2 ก.ค. 2023

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