Update BTC on July 8
The price has been fluctuating in the range of 115x - 112x continuously over many sessions, with the bottom supported by the upward trendline (starting from 9x) gradually narrowing over time.
Selling pressure is weakening, MACD is starting to flatten, RSI is showing a slight divergence at 46 - The Wedge Pattern is gradually taking shape.
Assessment:
- The price range is currently quite neutral, hesitant, large investors are cautious with Trump's tariff news as well as the FED's interest rate cut decision.
- The 113.3 level may be the decisive point for the upward or downward trend in the coming days. The range of 113.3 - 115.3 is quite important, so pay attention!
