So, $BTC bounced from 58k, indicating support. What do we have for now?
1. Glasses - volume at 58, 57, 55. The S&P500 has not yet filled its gap (5370-5405).
2. #BTC is in the value zone on weekly timeframe for the first time since October, if it gains a foothold below, then it’s a dump scenario.
3. We see a certain stability of #altcoins and all teapots’re screaming to buy the “bottom” off. Most likely, current buyers’ll also be shaken out soon.
4. Data on the US economy be soon: if GPD remains 1.3% and unemployment increases - a shocking green stick up! ⬆️
5. Usually #bitcoin are accumulating all the summer long: updating low at the end of JUNE, updating local high in August. I’ve a feeling: we’ll be in range 55k-67k, with rare knifes to 71k making on the news of Etherium-ETF.