Bitcoin | Fundamental and technical analysis for July.

2023年7月2日

Hello;

1. There is a negative divergence on the RSI on the Bitcoin weekly chart.

2. There is a bearish shark harmonic pattern on the Bitcoin daily chart.

3. The fact that the FED skips the rate hike in June and all FED members approve the rate hike 3 times until the end of 2023 at each meeting means that the price of bitcoin will fall.

4. Now that June is over and there will be a FED meeting on the 26th of July, I predict that this month will be a bearish one.

5. The negative divergence in the technical view and the highest level of RSI in the daily chart support this.

6. When Bitcoin price reaches $21,750, I predict that it will touch the trend line I have drawn on the weekly chart.

7. It is not known whether a new uptrend starts after the trend line, but my predictions are in this direction at the moment.

8. I added the bearish shark harmonic pattern, which was formed after the last rise in prices on the Bitcoin daily chart, as an image on the weekly chart.

Good luck everyone.

2023年7月2日

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