Let's Trade

7/30/21 - Markets end the month and week green


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Despite a pretty choppy ride, all 3 major markets ended the month and week in the green. Still sitting close to record highs though, which has investors looking for any reason to sell and take profit. Can't say for certain that there will not be a pullback later in the year but right now investors seem content with sitting on cash and not partaking in massive sell offs.

Bitcoin staging a really nice looking rally, started the morning at 38k and as of now is sitting above 41k. Next major point of resistance is roughly 45k, so if we can keep the momentum going into the weekend we could see a really nice move up for bitcoin and the crypto market as a whole.


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Let's TradeBy Derek Hutson