$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.
BTC1.64%
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CryptoZeno
· 1h ago
The classic script of bear market lows sweep, but this time it feels a bit different.
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MechanicalHummingbirdGlass
· 7h ago
The phrase 'new lows still possible' made me move my stop loss even lower.
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Venüs_
· 8h ago
Ape In 🚀
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Venüs_
· 8h ago
Let's fucking go 🔥
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MempoolDrifter
· 8h ago
The classic script of bear market lows sweep, but this time it feels a bit different.
View OriginalReply0
MosaicButterfly
· 9h ago
Haven't seen the market for a month, still the same, repeatedly washing out chips, I'm fully positioned.
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CandlestickChartsUnderThe
· 9h ago
Welcome back! The repeated testing of 60k really does look like a bottoming signal—looking forward to a “Yang” (bullish strength) close in July.
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BorrowedHalo
· 9h ago
Finally, you updated, I also entered a long position, let's hold together.
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MossyLedger
· 9h ago
67-70k, then drop after testing? I'm familiar with this script, I'll take half profit first.
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