Technical analysis by limit_buy_69 about Symbol BTC: Buy recommendation (7/28/2024)

First what are the narratives? 1. Strategic bitcoin reserve 2. ETH etf 3. US flipping from hostile to friendly on crypto 4. Liquidity cycle 5. Rate cuts (yes i know actually bearish) With all of the positive narratives out in crypto price has barely moved out of its consolidation range. I truly think ask liquidity is strong enough to quench any narrative that could pop up. I do think at some point we're going to get a squeeze and align the price with the current narratives believed by the most ardent market participants. I do not think we break this trend line. There will be many shakeouts until we go exponentially parabolic.