FX.co ★ BTC update for July 21,.2022 - Key povot at the price of $22.500 on the test

Technical analysis:

BTC/USD has been trading downside this morning and it is on the pullback mode. Pay attention on the key pivot support at the price of $22.000.

Trading recommendation:

Watch for the price action around key pivot level at $22.000 in order to confirm further direction.

In case of the downside breakout of the pivot at $22.000, watch for selling opportunities on the rallies with the downside objective at $20.000

In case of the rejection of the pivot support at $22.000, watch for buying opportunities on the intraday pullbacks with the upside objectives at $24.000 and $25.350