“Our short-term [bitcoin] indicators are mixed, but a greater loss of short-term momentum would support a retest of support (~$18,300-$19,500), below which secondary support is near $13,900,” Katie Stockton, a chartered market technician and founder and managing partner of Fairlead Strategies, wrote in a weekly analysis published Monday. “Intermediate- and long-term momentum indicators are still pointing lower, increasing risk of another significant downdraft in the months ahead.”
Source: https://www.coindesk.com/markets/2022/08/02/bitcoin-ether-slump-as-pelosis-taiwan-trip-weakens-risk-sentiment/?utm_medium=referral&utm_source=rss&utm_campaign=headlines