Bitcoin Update on 12.07.2024

Bitcoin Update on 12.07.2024
A.O.A and Good Morning to All Brothers and Sisters!!

Final Day Of Direction For This Week on #Bitcoin. Situation is Still Bearish And Here Is My Analysis for Today.

Price Is Still Under The Last Support and Resistance. In the Yellow Area. So I See A Dump Soon In Between US Market open and our Last Weekly Candle on 4H at 18 O Clock(Europe).

If Drop Where Will Be The Supports. I Mentioned All With Arrows(#2,#3,#4,#5). But The Most Important is The Arrow#1. Weekly Candle Must be Closed Upper That Level Otherwise we Start officially Bearish Move Instead Retracement on Weekly.

According to Time Cycle(Blue Vertical Area) We Are In Good And Valid Area To Print a Bottam.

#ALTS if We Close Positive The Week And Next Week We Start Bullish Move Then We Can Look For Buy Trades. And if We Close Red Weekly Candle. Then We Start Looking For Sell Trades.
I Suggest You Again To have Patience For One More Day. For Trades On #Alts.

I Wish You All Very Nice Day.