BTC is setting a trap for bears 😵

In the crypto Twitter, an interesting topic is being discussed: the current drop of BTC below the historical maximum of the last cycle exactly copies the fractal that once sent the price to $120,000. Back then, this anomalous drop turned out to be just a liquidity collection before a sharp rise.

Now everyone is watching the chart, hoping for a classic green July. Will Bitcoin deliver its signature summer rally? Statistics suggest there's a chance:
🔘 In 2018, after the July low, BTC surged by 46%

🔘 In 2022 – by 34%

🔘 This year, crypto is already showing signs of life – it has recovered 11% from the July 1 low

🕯 Levels I'm watching right now:
🔴 The most important zone right now is $64,600-$67,300. If we break through it and consolidate, it will be the first signs in favor of a larger recovery

🟢 At the same time, the level of $60,500 still remains a key support. As long as BTC stays above it, the scenario of a continuation of the July rebound looks quite viable

$BTC