$BTC VIP AnalysisJuly 1, 2021
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BIAS:
Mid-Term: Bullish
Short-Term: Bearish
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BTC has broken down its mid term POC (Point of Control) with a low of $30,000 and a current price of $33,300. This is exactly what the bulls were hoping against, meaning that the bears are the ones with a slight advantage until our daily close.
We now have a higher probability of heading down doe a $32,000 - $32,500 retest before another chance of heading up, unless BTC breaks above our POC once again before our daily close. No high leverage positions are recommended at this time as volatility will likely shake out players from both sides.
Up Probability: 47% - Down: 53%
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