Technical analysis by Apollo_21mil about Symbol BTC: Sell recommendation (8/1/2024)

BTC is in a large channel and has heavily rejected the upward break. With this setup, large tech correcting, JP speaking and ruining the party per usual, we could retest 52k here. I did draw a final area of support with the dashed red line around 61.5k. I still stand by my 80k By Oct 1st, but this is likely our final flush out before the pre-election rally. -Short- term bearish -Mid-term bullish, we will break outside of this channel soon to the upside -August is historically negative with an average downside move of 15% and average less likely upside move of 82k