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$BTC After being gone for almost an entire month, I'm finally back and ready to share my current thoughts on the market.
Since I've been gone, we've seen repeated sweeps of the lows around $60k. This is typical behavior during bear markets and usually happens shortly before the market forms a major bottom.
This doesn't necessarily mean that the bottom is already in, but it does indicate that we're likely getting close.
My first entry for my swing long trade has now been filled, and we've already seen a decent bounce from that level.
While I do believe that a short-term pullback from here is likely and that new lows are definitely still possible, I think July is likely to close bullish.
I'm expecting price to retest the $67k-$70k region before possibly forming another lower high and continuing its final larger move to the downside.