#Bitcoin = Daily Analysis = 02.07.2021 $BTC #BTC #cryptocurrency #crypto

Yesterday BTC moved below 8 EMA and stayed there despite the green candle today. The odds continue to be bearish, albeit barely. Let’s have a look at the details.

Today’s candle can be viewed as a humble attempt to form a bottom and would require a strong green follow up if BTC is going to rally. At the same time, it can be viewed as a pause before a more significant decline. The latter option is better supported by indicators.

Tomorrow’s weekly candle will be very important as BTC is balancing on the fence and could easily produce either bullish or bearish weekly candle.
Odds: Neutral-Bearish

The previous monthly and weekly analyses are by the links below.

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Previous Weekly Analysis:

Previous Monthly Analysis + LT Forecast:

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