@jamessantos
BTC closed July candle green as expected.Majority of alts closed in green too.While great progress to bear market bottom has been made,it’s safe to say that we haven’t bottomed yet and a 20-30% drop is expected to flush out excess liquidity.FED is tending towards hawkish monetary policy and high probability of rate hike this year.While this is a bad news in short term,the long term outlook is positive.
Few alts have capitulated and are having a some bit of consolidation around a major demands zone.
I expect BTC to track $75k resistance and get rejected sometime in August
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