🛑🛑🛑Urgent Update Urgent Urgent🛑🛑🛑
As I mentioned earlier, if Bitcoin breaks the level of 118,800, we will witness a subsequent rise. Otherwise, there will be no rise. This is what happened first. A false breakout to 119,300, then it returned to the area of 118,400, then a retest, and then a surge to the area of 123,200, which is a new figure recorded by Bitcoin. However, there is a possibility that Bitcoin will return to the areas of 116,000 or to the breakout area it broke. I believe there is negative divergence, which reflects the likelihood of a forthcoming corrective drop. The reason is that the 4H Relative Strength Index (RSI) has reached overbought territory. Negative divergence has also appeared in these areas. The Bitcoin correction may not be completed and may begin before next month. With the end of the last weeks of July, the rise is currently considered good or not good for altcoins, so we should wait, but it is important to know that the liquidity of altcoins has not moved much so far. Liquidity reached a previous level of 283 billion. One day ago, it was 275 billion. Yes, there is movement, but for large coins like SOL, XRP, ADA, LINK, FIL, and other well-known old coins in the market. As for other new coins, they will not see any movement because they do not support liquidity yet. Everything moves with the movement of Bitcoin. Otherwise, we should know when to enter trades or wait.
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