WEDNESDAY
9-JUL
Price has reached the range EQ for a second time and is targeting LW high.
The momentum seems very bullish but once the W1 sell zone above is reached another drop in price could be expected.
On the Daily, price took out Y high and is continuing towards the 28-JUN high.
The initial selloff from above $13,000 was quite strong and sellers may be waiting to step in once again, as already mentioned.