💎 Update Plan BTC (July 21)
Notable news about BTC
CEO of Charles Schwab, Rick Wurster, said the company plans to deploy Bitcoin and Ethereum transactions for customers.
This company aims to compete with Coinbase, where customers buy BTC.
This development takes place after the progress of cryptocurrencies when President Donald Trump signs the Genius bill into law.
In an interview on Friday, the CEO of Charles Schwab, Rick Wurster, said the company plans to launch Bitcoin (BTC) and Ethereum (ETH) to compete with Coinbase cryptocurrencies. The move took place after President Donald Trump signed the Genius bill, officially confirming the first cryptocurrency law in the United States.
Technical analysis angle
🟠 Main trend:
BTC is sideway accumulated in the amplitude of 117,000 - 122,000 after a sharp increase.
The chart shows the descending triangular model - a potential sign for Breakout.
🔍 important areas:
Resist:
122,000 - 122,700: Strong resistance area, fibonacci mold 1.0.
130,600 - 131,100: The expected area if Breakout is successful (Fibonacci extension 1.618).
Support:
116,000: Support close, coincide with EMA 200.
111,100: The support area is stronger if the current support breaks.
✅ Scenario 1 - Rise:
If the price turns from supporting 116k → Test the resistance area of 122k.
If the 122K break is definitive, the next goal is 130k - 131k.
❌ Scenario 2 - Discount:
If the 116k area is lost, the possibility of falling will fall more deeply at 111k.
This is also the strong EMA area Fibo 0.382 of the previous wave.
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