BTC /USD Daily neutral with a bullish bias. *FUD regarding Ethereum’s Merge (which, according to Ethereum devs and community including Vitalik Buterin was due to a “non-trivial segmentation error stemming from out of date software” is actively being resolved) may have pushed some investors to BTC as it dropped to $28000 temporarily but remains relatively flat at $29500 while ETH and the broader crypto market has fallen roughly 5%. Which makes the crypto/equities-decoupling case this week pretty strong.* Recommended ratio: 51% BTC , 49% cash. Price is doing its very best to hold on to support at the 50/50 uptrend line from March 2017 ($29.5k) for what is now the sixteenth consecutive session (correction from the previous TA – the count was fourteen not thirteen then); it is completing a Descending Triangle which typically breaks to the downside so a tight stop loss is encouraged. Volume remains moderate and is on track to favor sellers for a second consecutive session if it closes today in the red, that wouldn’t bode well for breakout chances. Parabolic SAR flips bearish at $26.6k, this margin is neutral at the moment. RSI is currently trending sideways at 39.26 as it hovers below the uptrend line from 01/22/22 at 42.41 resistance. Stochastic is currently trending up slightly at 93 and is barely bullish after trading neutrally since 05/23/22; the next resistance is max top (and it still has a bit of potential to coast in the ‘Autobahn Zone’ here). MACD remains bullish and is currently trending up at -1939 with no signs of peak formation; the next resistance is at -1435 and support (minor) at -2497. ADX is trending sideways at 44 while Price is trending sideways at ~$29.5k, this is neutral at the moment. If Price can manage to break out of the Descending Triangle from 05/10/22 and turn $30507 from resistance to support, the next likely target is a test of $36258 minor resistance. However, if Price breaks down out of the Descending Triangle then it will likely fall to $24180 minor support before potentially heading lower. Mental Stop Loss: (tight stop loss – one close below) $28600.