Currently, $BTC is showing a more impulsive than corrective structure, having established an HL around 61.5K. Based on the current PA, a breakout and reclaim of the 64.7K highs would likely open the way for a move toward the 65.5K–66K region. Historically, in bear market years, July is the month when BTC forms an LH, something worth keeping in mind.
Currently, $BTC is showing a more impulsive structure than a corrective one, having established HL around 61.5K. Based on the current PA, a break and reclaim of the 64.7K highs would likely open the door for a move into the 65.5K–66K region. Historically, during bear market years, July has often been the month where BTC forms a LH, something worth taking into consideration.
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