Technical analysis by coreSATS about Symbol BTC: Buy recommendation (7/8/2022)

This analysis is not intended to be a piece of financial advice. BTC/USD is about to break the channel to change the course, but there remains a risk of being overbought between 21.7k and 23k area. Would be mindful to trace and place limit sell whether it's a bull trap or reverse-course trap. The indicators are tending to say overbought in a daily trade setup, but the weekly RSI and STOCH point towards an oversold zone for a weekly fresh start, meaning to reverse the course strongly or linger between 1k and 2k profiting to the swingers for a while.