BTC - Simple Daily Analysis

Jul 26, 2021

Simplified Daily Chart with a few important key levels for the coming days/weeks.

Bitcoin with a nice recovery last week leading into today. Few areas I will be watching:

Short Term Bullish areas:

• Daily close above 36900 area with tomorrow's daily open outside of the triangle, near term upwards movement continues.
  
• We could see BTC head up to a pivotal area around 46k-47k
  
• If 46-47k become support at some point again, I will count on new all time highs. (Until then, see below)
  
  Short Term Bearish areas:
• Rejection on the daily with a reversal will have me filling two CME Gaps below.
  
• Two CME Gaps (33000-34100) & (24700-25800) areas
  
  *This is not financial advice. Good luck on your trades.*