For bitcoin, all my calculations remain valid. Let's take a look at the chart and repeat everything.
BTC met strong resistance at $23645, after which it collapsed to our weekly level of $22887. In the closed tg channel, I indicated that at $23400 I unloaded 30% of the long taken from $23090 and moved the stop to breakeven. I foresaw volatility due to the July 31 helicopter in the range of $23380-24180. Here, the price will resist growth.
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On the two-hour chart, we see that the price is squeezed between two strong zones: $22380-24180 and $22610-22887. Probably, here we will develop a sideways movement with the accumulation of forces to break through in one direction or another.
Technically, it is important to understand that as long as the price is held above $22887, our priority remains bullish, and the chart looks up. In any other case, we go down to $21700.
We see that the VPVR POC control line is under the current price and acts as an additional support before $22887. This is good for bulls.
From the negative, it is worth noting the formation of a bearish divergence on the daily chart. That is, if the level of $22887 is lost as support, then there is a place to fall. And there is why. If, of course, the bears still have the strength. Because the weekly chart indicates the opposite.
From the positive - negative funding. This means that shortists use excessive leverage and pay a premium to longists every 8 hours to hold their positions and balance the margin market.
Historically, such funding warns about the likelihood of a local increase in the price of an asset.
Disclaimer: not financial advice.
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