$BTC Update | July 26, 24
Binance BTCUSDT Analysis.
Key takeways:
New bearish value formed.
Swing/Midterm Trend: Bearish
Market Condition: new key resistance formed
Key Support zone: 66250-67000
Notes/Observations/Issues:
Value analysis is divided on three parts which make three separate strategies.
Trend - midterm timeframe, following values as they build.
Market Condition - analysing value from overbought/oversold pov. Countertrend trades. Can be used to reduce Trend positions.
Key Resistance/Support - can be utilized in high leverage short-term trades, but also as good “add to Trend” locations.
Pre-Open Commentary distills key takeaways from the analysis of the London GEX and Structure posts and also serves as my personal journal (sort of).