Happy 4th of July to you all! I hope you're having a nice day. Markets today are slow and not too eventful -- most down in the 3ish percent range.
Bulls do seem to be losing a log of upside momentum. Bears have been fighting back and I think we will see the $12,000 resistance hold.
Daily RSI is still in need of a pullback, but we could see consolidation lead to that without too much price drop.
Daily support for BTC is down at $9,637, so there's a lot of wiggle room. If we look at the trends from previous parabolic moves, we will likely come down and test supports below that.
Bear volume is also on the decline, so likely scenario is still consolidation over the next few weeks.
Hope you all have a great 4th!! Stay safe!
