BTC dropped yesterday without any effective rebound, and the current low is around 61,300.If the timing plays out as I mentioned yesterday—with a possible bottom on August 16—then at the current speed, we can’t rule out a break below 50,000.
Red = ATH 126,000
98,000 is the clear secondary high.
From the Gann view, it also lines up perfectly at 98-82.
82 was the high on May 6 at 82,800.
So the next low should be in the 52-53 zone.
This would act as the 360-degree support level measured from the 82 high.
If the timing lands in August
and the price action stops dragging with endless consolidation/washouts,
then breaking the 52-53 support could take it down to around 44-42.After mid-August, the fire luck has a chance to spark a rebound wave.
However, for next year (2027), the period that still needs the most caution is April–July.
Remember to stay away during that window.
Do not buy BTC.
#BTCUSD #CryptoMarket