https://image.nostr.build/3d46db13a329bdbfca63f91ca24c6273008f6e1db395ffcd166c838086ad88f2.jpg

Market Update - 7/15/2024

For the first time in over a month Bitcoin is trading above the 4hr EMA200 (yellow line.) We have seen the bullish momentum continue throughout the weekend, and the price is now 15%+ up from our perfect bottom snipe last week. The price now looks to be consolidating around $62.7k monthly open level.

For now I am happy to let the Monday range develop, and looking for a reaction on a retest of the 4hr EMA200. A word of warning- BTC has created a huge CME gap this weekend and if this is to be closed it means a move down to $57.9k.