https://imgur.com/CcYWYwz
BTC has been sideways since 19 May.
Since 22 June BTC established an interim resistance at 35k however also strong support at 32k. Thus the movement area has shrunken.
I noticed that in the last few days BTC consolidated too much within 32-34k.
What is important, along with tight consolidation, the volumes post 22 June reduced at least by 50% compared to 19 May - 22 June period.
Low volumes + tight consolidation can mean that market went into bear from "cooldown".
Low volumes at this level of consolidation expose the market to manipulation, i.e. fewer resources are now required to swing the price one way or another.
I think next week 11 July - 18 July is decisive.
Expecting a sharp swing up or down. The sentiment is more bearish however one good news may change the direction of the said swing.
BTC has been sideways since 19 May.
Since 22 June BTC established an interim resistance at 35k however also strong support at 32k. Thus the movement area has shrunken.
I noticed that in the last few days BTC consolidated too much within 32-34k.
What is important, along with tight consolidation, the volumes post 22 June reduced at least by 50% compared to 19 May - 22 June period.
Low volumes + tight consolidation can mean that market went into bear from "cooldown".
Low volumes at this level of consolidation expose the market to manipulation, i.e. fewer resources are now required to swing the price one way or another.
I think next week 11 July - 18 July is decisive.
Expecting a sharp swing up or down. The sentiment is more bearish however one good news may change the direction of the said swing.