BTC Decision Point

16 Jul 2021

• Before the drop, we can see a huge rising wedge and a bearish divergence.
  
• Now, are seeing the opposite, falling wedge with bullish divergence.
  
• If this plays out, we may see another retest around 39-40k.
  
• However, if it doesn't we might break the strong support around 30k.
  
• We can also interpret the current price action now as a bear flag.
  
• The key is to wait before placing trade.