Technical analysis by DealerBTC about Symbol BTC: Sell recommendation (7/20/2024)

In my opinion the recent bullish momentum seems to be fading out. I believe going into the first seven days of August traders with a bullish bias should be extremely cautious. In my opinion, price is likely to revisit the area near the current monthly low @ around $56,760. I believe a break of this would lead to a move further down to $44,000. I think many traders believe news of a Fed interest rate cut looming and ETH ETF seems bullish. Well, what can I say about that?I believe a short trade is warranted here. I am not a sucker.This trade idea is not financial advice. I am not any kind of financial advisor.Thanks for hitting the like button and for following me!I went long on multiple coins today. In my opinion, sellers are exhausted. Please see my previously published BTC trade idea for a bounce play. In my opinion SOLANA is very bullish, Ethereum is quietly consolidating, and if BTC can push to a new weekly high, bulls could set their sights on $80k.Trading active. Currently short. Market may catch people off guard.