Kind of messy looking chart, but I hope it gets my point across.
There was a nice bullish engulfing candle yesterday which has given a lot of people hope BTC has found bottom or that a relief rally is coming.
Until we show a break of the down trend I'm going to remain bearish. The minimum would be a break above 32k and a retest as support.
There was slightly higher volumes the past 2 days but looking at the volumes when we were at the same levels on June 22nd they are still low. How much of push up can we realistically expect? Maybe 34k but I think it's just as likely we get rejected at 32k.
There was a nice bullish engulfing candle yesterday which has given a lot of people hope BTC has found bottom or that a relief rally is coming.
Until we show a break of the down trend I'm going to remain bearish. The minimum would be a break above 32k and a retest as support.
There was slightly higher volumes the past 2 days but looking at the volumes when we were at the same levels on June 22nd they are still low. How much of push up can we realistically expect? Maybe 34k but I think it's just as likely we get rejected at 32k.
