Bitcoin / TetherUS
Long

Bitcoin Trend Analytics July 21st - still needs confirmation

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After pulling back around the turning point, BTC rallied up against the next key resistance yesterday and failed. Today the key resistance is at $24698.83.

BTC will come back again and test $22700. If it holds the line, $24698.83 will be the next target.

If it breaks down into the box again, the short-term supports are $21382.70; $20825.47. The key support of the month is $18659.72.

Monitoring Fed’s decision from July 27-28. It will generate a heavy impact on the market. Previous stats: 1.75%; expected target rate: 2.5%-2.75%.



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