The following analysis is made on the current trend of Bitcoin and the forecast for July:

Current trend analysis: $BTC

- The price of BTC has fallen significantly recently, from a high of $73,377 to the current $54,420, a drop of more than 25%.

- The price has fallen below the support of multiple moving averages, including the 7-day, 25-day and 99-day moving averages, and the technical side is weak.

- The trading volume has increased during the decline, indicating heavy selling pressure.

- The MACD indicator is in a dead cross state, and the RSI and DMI indicators also show that the shorts are dominant.