Hello and welcome to News BTC’s Market Outlook July 28.
Ethereum did very little during the day again on Thursday as we are essentially sitting at the $203 level. The market looks like it is trying to form a bit of a base, and I believe that we could bounce from here, forming a consolidated barrier between the $200 level on the bottom, and the $240 level on the top. With this in mind, I’d be a buyer, but I would expect much in the short term.
We continue to grind it just above the 0.08 level, and slide back and forth. This is essentially “dead money”, as it has been for at least a week. It is not until we see in impulsive candle that I’d be willing to put money to work in this market.
Thanks for watching, we’ll see you again tomorrow.