Technical analysis by kryptologic about Symbol BTC on 8/1/2024

BTC USD 12hr BABB Chart2nd August 2024Check this out. On the 12 hour we are on a red TD 7.We have spoke down past the red bollinger band to a low of $62,284, with two very bullish hammer candles forming and the orange bollinger band currently acting as support at $64,270.So if this count perfects, we will see another 24 hours of downside which would beam a bounce over the weekend leading into next week if all goes according to plan.The sweet spot I think is at $61.7k Fib level, where the parallel channel is where the candle needs to be filled between $60k and $62.5k.Whick translates to $90k to $94.5k AUD.Happy sailing crypto pirates.Snake Plissken signing out.Peace in the Middle East.f.society, f.police, f.govt, f.politicians.