In this video I break down the latest Bitcoin price action and confirm whether the expected July rally is still on track. By using Elliott Wave theory, I analyze the current ABC structure to determine if we are seeing a corrective bounce or the early stages of a larger trend reversal.
I cover the key support and resistance levels you need to watch to stay ahead of the market, including the significance of the 21-week EMA and the 200-day moving average. We also look at the shorter time frame to identify a potential 1-2 setup and the micro support zones that must hold for this bullish momentum to continue. Whether you are trading short-term volatility or looking for macro signals, this outlook provides the context needed to navigate the current setup.
Timestamps:
0:00 - July Rally Analysis
1:31 - Bullish Case Scenarios
3:49 - Resistance Target Zones
6:03 - Inverse Head Shoulders
7:13 - Short Term Outlook
10:05 - Micro Support Levels
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I cover the key support and resistance levels you need to watch to stay ahead of the market, including the significance of the 21-week EMA and the 200-day moving average. We also look at the shorter time frame to identify a potential 1-2 setup and the micro support zones that must hold for this bullish momentum to continue. Whether you are trading short-term volatility or looking for macro signals, this outlook provides the context needed to navigate the current setup.
Timestamps:
0:00 - July Rally Analysis
1:31 - Bullish Case Scenarios
3:49 - Resistance Target Zones
6:03 - Inverse Head Shoulders
7:13 - Short Term Outlook
10:05 - Micro Support Levels
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