BTCUSD 9 Jul 2024 On the weekly timeframe, BTCUSD is bearish after a trend reversal last month that brought it down from 69697.16 and is now at 57269.16. However, BTCUSD is still well above the kumo cloud. There appears to be oversold saturation on the stochastic indicator, which could allow for a bullish trend reversal. Traders should monitor for confirmation of bullish signals on candlestick charts and other indicators before making a buy decision, and pay attention to important support and resistance levels to determine optimal entry and exit points.
