$BTC I believe the final low will likely be established once we get a weekly close below $59k.

So far, we've seen repeated sweeps of the lows around $60k and $59k, but never a deeper correction.

That's because buying interest at these levels has been very strong. Every single time sellers tried to push price lower, buyers immediately stepped in and absorbed that selling pressure.

I still believe that the bottom likely isn't in yet and that we'll see one final larger move to the downside.

However, I do believe that July is likely to close green, which is why I think price could first form another lower high before establishing a major bottom in August or September.