#BTCUPDATE - 2.7.21
Looking pretty bearish recently - alot of regulatory issues spiking around the world primarily with Binance. Which is never a good thing for BTC ever since the Mt.Gox Saga.
We are however showing quite alot of bearish signals from Bullish Divergences on the 1hr and 1Day (please ignore the 4hr comment on the chart - typo). US came online and dumped - but there seems to be support holding.
The Downward Wedge is usually quite a strong indication of a bullish breakout about tio happen.
Wait for BTC to break out above about 33.5k then possible long entries to 33.8k are on the cards.
Breaking down on 32.6k then look to short to 32.3k and then on to 31.4k region.
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