BTC has been unable to break through the $29.6k level, contrary to our previous plan. It is currently forming a triangle on the close candle of July 30th, with resistance on the RSI. The lack of sufficient momentum is preventing it from breaking through the $29.8k level, as we had anticipated.
July 31st will be a crucial day for the crypto market as it will determine the trend for August. If the candle on July 31st fails to successfully break through the formed triangle, there is a high likelihood that BTC will move down to the lower zone around $28.8k, and we may not see $30.4k for at least half a month. Let's wait and observe if BTC can break through this triangle on the mentioned date.
July 31st will be a crucial day for the crypto market as it will determine the trend for August. If the candle on July 31st fails to successfully break through the formed triangle, there is a high likelihood that BTC will move down to the lower zone around $28.8k, and we may not see $30.4k for at least half a month. Let's wait and observe if BTC can break through this triangle on the mentioned date.