BTCUSD Daily TA bullish. Recommended ratio: 90% BTC, 10% Cash. *WEEKEND RALLY. Cryptos continue rallying off of news that Ethereum's long awaited Merge is forecasted to be finalized and ready for launch on Mainnet ~09/19/22. Assuming that the final trial on the Goerli testnet goes well in August, this timeline should be fairly accurate; however, The Merge has been plagued by delays up until this point so take these forecasts with a grain of salt. Meanwhile, the macroeconomic/geopolitical/supply chain situation continues to worsen. This contrast can be unsettling hence the need to continue being vigilant; however, Weekly conditions continue to support the notion that cryptos may be close to a bottom due to extremely oversold conditions.* Price is currently testing the one-month high of $21.5k as resistance and will try to test the 50 MA at $23.5k if the weekend crypto rally can continue. Volume is currently Moderate (low) and on track to both shrink and favor buyers for a fourth consecutive session (indicating that a breakout/breakdown is potentially impending). Parabolic SAR flips bullish at $22k, this margin is bullish. RSI ripped through 42 resistance and is currently trending up at 50 as it tests the descending trendline from January 2021 at 49 as resistance; the next resistance is the uptrend line from November 2018. Stochastic remains bullish and is currently trending up at 96 as it approaches a retest of max top. MACD remains bullish after denying a soft peak formation and is currently breaking out above -869 resistance as it trends up at -622; the next resistance (minor) is at -232. ADX is currently trending down at 25 as Price is pushing higher, this is mildly bullish at the moment; if ADX can form a trough as Price continues to push higher this would be bullish. If Price is able to continue trending up here then it will likely test the 50 MA at $23.5k as resistance before potentially pushing higher to test $24180 minor resistance. However, if Price breaks down here, it will likely retest $19417 support before potentially retesting the uptrend line from April 2017 at ~$15k as support for the first time since September 2020. Mental Stop Loss: (one close below) $19417.