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Today’s Tactical Support & Resistance Levels
Levels are created using an algorithmic proprietary price, volume, and volatility model

Bitcoin

Technicals (August – Q)

Bitcoin futures have consolidated over the past two weeks after shifting to a Bullish trend on July 19. Traders will want to see a close over 70,000 to attract new buyers and momentum traders. The pivot point remains at the 50 DMA at 66,354. The first level of support is 65,000, followed by pocket support 64,075-64,000. The trend neutralizer level is 61,489 and will shift traders from bullish to neutral.

Bitcoin (Aug)—Daily stochastics are in overbought territory, indicating that futures are in a bullish phase. DMI + remains firmly over DMI -, indicating that the bulls are in control. The average true range (ATR) is 2,871 per day.

For Trend Traders

• Bias: Bullish/Neutral
• Bull Trade Trigger: 68,245
• Bull Trade Trigger Date: July 19
• Trend Neutralizer Point: 61,489
• Resistance: 68,942, 70,000* (Psychological), 70,825*** (Recent Contract Highs)
• Pivot: 66,359 (50 DMA)
• Support: 65,000**(Psychological), 64,075-64,000, 61,489(Trend Neutralizer)

Below is a Daily chart of August Micro Bitcoin futures

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