Quick Bitcoin Update on the daily (1D) chart:
BTC approaches the daily 21-EMA (yellow line). If price attempts a larger bounce, look for the bounce to close above these pivots to gauge bounce strength. The same upside resistance levels remain at 22000, 27000 and followed by 32000 (June High). Know that larger moves can take longer so use a level by level approach + look for daily closures.
Warning: As long as BTC fails to close above 22000 (last lower high), short-term trend remains bearish. If price breaks below 18000, it likely tests the 15000-16000 region. Be cautious as most altcoins will likely continue down if BTC continues fails to break above the key upside levels.
