Technical analysis by dawsonMoonshot about Symbol BTC: Buy recommendation (7/22/2024)

After some over performance in early July we set a Bullflag last week around $65k. Don't get shook! This time last year, in 2023, we had a long period of consolidation March-October (in white) before rising above the $30k level. This year, summer of 2024, we're rhyming. Bearish? BTC needs to lose the $60k level and hold us below it for at least a week. I think a bullish inverse head & shoulders is more likely but geopolitical risk, and US elections could be the wildcard. I would remain careful with shorts as the trend is upwardly volatile. Here's the previous idea, explaining the trade: