Technical analysis by rynok_znania about Symbol BTC: Buy recommendation (7/17/2023)

BTC touching 30000$ last time There's a clear retest of a counter triend line of the local formation. The price is still moving in an uptrend. The drop to 30000 was just a manipulation leading to further accumulation of BTC. Remember that 30000 is the most important mirror horizontal level. The weekly candle closing above 30000 proves bull's prevalence and sends a more impactful technical signal than last day's "bearish engulfing". Only if BTC drops below 30000$ and stays there for at least 4 hours, then I might be wrong. Risk/reward for longs is just unbelievable now. Not a financial advice.