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$BTC is setting a trap for the bears 😵
On Crypto Twitter, an interesting topic is being discussed: BTC has currently fallen below its all-time high from the previous cycle, perfectly replicating the fractal that previously pushed the price to $120,000. Back then, this abnormal drop turned out to be nothing more than a liquidity sweep before a sharp rally.
Now everyone is eyeing the charts, hoping for a classic green July. Will Bitcoin deliver its iconic summer rally? Statistical data shows there is indeed a chance:
🔘 In 2018, after the July low, BTC rose 46%
🔘 In 2022, it rose 34%
🔘 This year, the market has already shown signs of recovery — an 11% rebound from the July 1 low
🕯 Key levels I'm watching now:
🔴 The most important zone right now is $64,600-$67,300. If we break through and consolidate, this will be one of the first signals supporting a larger-scale rally
🟢 Meanwhile, the $60,500 level remains a key support. As long as BTC holds above it, the scenario of a continued July rebound is quite possible