BTC - Last Post For The Next 2 Weeks 🙏

٧ يوليو ٢٠٢٣

Greetings, TradingView Family, this is Richard, also known as theSignalyst.

📌 I am thrilled to share some exciting news with all of you. This Sunday (9th July), I will be tying the knot and embarking on a beautiful journey of marriage.

As a result, this will be my last post for the next two weeks as I will be away for my honeymoon.

Therefore, I aim to make this post incredibly detailed, covering various potential scenarios for the near future.

📌 Let's begin with a long-term perspective:

BTC currently finds itself within a strong rejection zone characterized by the following factors:


1. Round number at 30,000
2. Classic weekly support zone, which has now transformed into a resistance 30,000 to 32,000
3. Supply zone

🏹 From a macro standpoint, for the bulls to regain control, a weekly break above 32,000 in green is crucial.

📌 However, the bears still retain the potential to initiate one more bearish correction before the bullish momentum resumes.

📉 To trigger a bearish correction, a breakdown below the red support level at 29,500 is necessary.

If this occurs, we can anticipate a movement towards the blue support at 27,500, where we will actively seek out new trend-following bullish setups.

📌 Until either the bulls or bears seize control, we will be trading within a short-term range bounded by 29,500 and 32,000.

Now, I would love to hear your insights on which scenario seems more likely to unfold and the reasoning behind your perspective.

📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.

Good luck!

Remember, all strategies are good if managed properly!

~Rich