$29,500 has been held as support by #BTC for now. Mind you if it strikes once again in that area you got to exit all markets as it's gonna break the support then. 3 strikes on same support is never good.
Also, you see (check attached chart) the cluster near 2/near support trendline. Multiple strikes there is weakening the support level. Too much strikes near 2 is as bad as 3rd strike. This is the moment when you got to be proactive because the next move can be quite deceptive.
Probably, one of the toughest moves to predict when you see so much of chop that too for such a long period
So I am not bothered about 3rd strike that could take some time and would depend on the intensity of the next pump, I am more bothered about the cluster, it's a trap and BTC needs to quickly get out of it.
The market is expected to remain choppy over the weekend
My #prediction : Th next 10 days are crucial as we see the bearish MACD crossover is declining and about to take support. Stochastic RSI is already at the support and could bounce anytime. If for the next 10 days BTC holds $29,500 then I see a major bounce to $31k area and a breakout by end of August. BTC should be trading above $32k by this time.
