BTC intent to try ATH again.The intention of Bitcoin to re-test ATH of $99.6K is seemingly understandable.
Canearnstrategy
BTC: The retracement continue story with mix of uptrendWe are seeing a retracement which would turned into ongoing correction in reality.
BTC: Same Chart With Updated ScenarioWeekend was great for many as uptrend was filled with excitement.
What about this Monday will bring us to? Correction of market in stages would be healthy.
BTC: Need to closed above Weekly EMA 21Each time there are multiple good news.
It seems like a Pump story.
And there is a catch.
Weekly EMA 21 must be adhered.
BTC: Will the BIG INVINSIBLE "M" instigate more fear?BTC: Will the BIG INVINSIBLE "M" instigate more fear?
BTC is not surprisingly giving out more fair valuation on the go. The Fear Greed Index is showing more are selling to keep their position in the clearance.
After slightly broke down below the diamond. The price action climbed back to the edge of the "SUPPORT" base of the DIAMOND SHAPE.
BTC: Must stay out of Diamond Shape as observedBitcoin have make some good move despite the dominance slipped down a little.
As observation point of view, it need to go uptrend and stay out of the Diamond shape cross the end of the month.
BTC: 'M" idea at the end of AugustWeekend is approaching and entry is rather risky. More news of ETF approval is spreading around and very much news happening is still ongoing.
BTC: Early Stage of Slowing Down In PerspectiveLooking at the second "diamond" shape which is sketch earlier than it should (as usually to be done on month-end closing or opening of new month).
We would want to see if this really fit the observation.
$57,000 to $60,000 support remain strong still, in perspective as a reminder.
