Daily Technical Analysis on BTC

By FreedomBuilder | Trading The King of Crypto | 28 Jul 2022

BTC is in a regression bullish channel after a short squeeze up to 23K, potential bear flag in formation to be confirmed!

We have two solid resistances which are the 50% fibo, and the break of MA 62 at least to go bullish in the short term.

https://www.tradingview.com/x/18CSzRi8/

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The S&P500 appreciated the news about interest rate, with a nice rise in equities, except to see if it was first a Bear Trap to liquidate those who shorted before the news and then a bull trap?

https://www.tradingview.com/x/6jLeDKfU/

85fb6dfb742cd0d29b9a3277d7081fba69243940e88a84d1ba601a4a94231d62.png

The Dollar index DXY was lower today but it remains bullish on a key 50% fibo support which has rejected the price several times on the last Daily candles, and the declines don't exceed 50% fibo since the beginning of the year 2022.

DXY is completely in a bull run, before showing signs of a reversal towards its bear market which will be the key to the start of our bull run on the crypto market!!!

https://www.tradingview.com/x/NaJOG9DH/

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Bitcoin (BTC) Technical Analysis Tether (USDT) Binance Exchange Bear Market

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FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.

Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???