For the past few days, there have been serious efforts to secure a close above $58k for Bitcoin. Despite all these efforts, I believe the price will range between $52-$54k in September.

Unless stated otherwise, I will make new Bitcoin purchases in this range. If the price can hold at $52-$54k, the market will likely aim for a new ATH before the year ends, sidelining buyers expecting $42k. If the level doesn't hold, there is a higher likelihood of another 15-20% retracement, prompting a cautious approach and potential quick rotations.

Wishing everyone profitable trades.

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