Correction in July - August to make new lows. ✔️

While many anticipate a bullish July, historical data and recent events suggest otherwise. 📊 Both Germany and the US have transferred $billions of BTC to exchanges, causing market uncertainty. If sold, BTC could hit new lows in July or August. 📉

Observations:

May 24, 2024: BTC was around 68k, not a significant bottom.

May 29, 2024: Local bottom around 67k. ✔️

June 1, 2024: Bounce to 68-69k. ✔️

July-August: Potential correction to new lows. ✔️

📉 Recent Data Shows Volatility 📉
Stay vigilant and prepare for potential market shifts. 🔍

👉 Call to Action: Review your portfolio, set stop-loss orders, and stay informed. Don’t get caught off guard! 💼

#SOFR_Spike #US_Job_Market_Slowdown #MtGoxJulyRepayments #BearishPhase