ALTS ARE PREPARED TO JUMP. THE CUE-BALL LOSE VALIDITY

Hi all!

Happy first day of the week and first day of the month to you!

And let’s immediately see how last month closed on Bitka

#BTC🔥🔥🔥🔥🔥

1Month As we can see, the last two months (May, June) clearly hit the level of $72K (literally $50 was not enough), it was not possible to rewrite the bearish Absorption pattern, and on both sides of the previous months there were candle wicks of equal size, which may indicate some uncertainty in in the near future and about equal pressure from players on both sides.

If we look locally at 6H, the asset is moving according to expectations from the last review, where I said that I expect growth to $63-64K, as part of a downward local trend. At the moment, at 6H a bearish Engulfing pattern has formed, which may also become an incentive to continue the decline. 1Week Last week closed with a long tail, which makes it likely that it will overlap this week.

1D. As I already said, I expect two movement scenarios, where there will be a systematic decline into the support zone of $52-55K as part of the downward trend that began on March 13. Or trade with compression in the triangle range, where support passes through two levels from 01.05 and 24.06

Again, the upward exit from the triangle will most likely be through a long squeeze to the values ​​of $53-55K

#ETH🔥🔥🔥🔥

1Month On the monthly TF, Ether looks stronger than the cue ball, where in May it was possible to interrupt the bearish Absorption pattern, and the last June candle did not cover even 50% of the May bullish candle. As long as the asset is above the $3,300 level, there is a greater chance of continuing growth from current positions.

In the ETH/BTC pair, Ether continues to maintain its strength, but we are unlikely to see any strong movements and growth while #BTC.D dominance remains above the mirror level of 54% and above the upward slope. With the beginning of the decline in dominance, the alt-season will begin. We can only guess when this will happen. But judging by the chart, a collapse of dominance is just around the corner.

Also, friends, I remind you that there will be important news this week and we may see increased volatility:

- On July 2, there will be a speech by Jerome Powell, and data on the number of open vacancies in the labor market will also be released.

- On July 5, data on Nonfarm and the unemployment rate will be published, so these days be more careful and do not overestimate the risks.