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Index turning to Fear from Neutral !!!
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Bitcoin Bullets® Market Analysis
July 4, 2024
➖➖➖➖➖
⚪️TECHNICAL (1D)
Bitcoin has failed its retest and is now attempting to break down below the horizontal resistance level. A successful breakdown followed by a retest beneath this horizontal resistance would confirm a bearish trend. However, if the bulls manage to regain momentum and push BTC back above the horizontal support with significant trading volume, it could indicate a potential market reversal.
⚪️WRAP-UP (VIP)
BTC failed the retest and is attempting to break below horizontal resistance. A breakdown and retest here confirms a bearish trend. A bullish reversal is possible if BTC regains support with strong volume.
$BTC DAILY RANGE:
📈Upper Limit: 62300
📉Lower Limit: 57800
(+-11% based on moving average volatility open/endpoints)
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