$BTC Bitcoin completing a 5-wave decline from the June high. Next key support around $56,000. Main resistance zone for Q3: $60,000-$77,000. A meaningful wave 2 bounce is expected after the current decline completes, potentially in July. Historically the month sets up corrective rallies in bear years. But here's what actually matters: whether that bounce becomes a real trend reversal or just another bear market rally. If it stays corrective, $44,000 and $39,000 are the next major targets later this year. The question for Q3 isn't if Bitcoin bounces. It's whether the bounce means anything.
$BTC Historically July has often produced a strong corrective rally in bear market years. That makes a bounce into resistance a realistic scenario this month. Not a reversal. Just the calendar doing what it usually does.
$BTC Day 801 of the current cycle. Multiplier sits at just 0.91x compared to previous cycles. This cycle is a clear outlier on the weaker side. Cycle theory still holding, just not the way the bulls were hoping.
$ZEC still testing micro support for a (B)-wave pullback. If Bitcoin performs well in July, that could be the trigger for a bounce in wave (c) under the blue scenario. Zcash's fate tied to Bitcoin's mood, as usual.
$FET (D) Testing micro support for wave (B) of iv right now. A micro 5-wave move up from here would signal that wave (C) is starting. That's the confirmation to watch for. Fetch.ai at a small but important inflection point.
$ETH back below $1,554. The larger corrective decline is still very much alive. Wave (2) bounce failed below $1,815-$2,227 resistance. That keeps wave (3) lower on the table, with the orange support region $1,063-$664 remaining the main downside target. Back above $1,554 eases pressure slightly. But the zone that actually matters is $1,815-$2,227. Break that decisively and the story changes. Until then, Ethereum is just making lower lows and disappointing holders.
$BTC Bitcoin tends to form major price tops when the DXY forms major lows. And the other way around. The DXY is expected to rally over the coming months. That aligns with the view that Bitcoin needs several more months before this bear market ends. Correlation isn't coincidence when it keeps showing up.
$BTC Still playing out. Added more support parameters to the Bitcoin chart on the linear scale. The blue support line sits around $33,000. Doesn't have to be tested. But it's in the support corridor that could be reached in this bear market. Worth keeping in mind.
$USDT Stablecoin dominance still in an active uptrend. 9.5% is the next resistance to watch. Until that breaks, capital is still sitting on the sidelines. Altseason math isn't mathing.
$AAVE showing a possible micro 5-wave move up. First resistance is the yellow trendline near $84. Pullback from there? Support at $61.50-$71 is the zone to watch. This bounce could be wave A of a larger wave 4 corrective rally. Not a trend change, just the market catching its breath.
$BTC Next Fibonacci support levels to watch: $58,597 / $57,478 / $56,700 / $55,725. These are the extension levels where wave (3) could show a reaction. Plenty of levels. Bitcoin will pick one. Probably the one nobody's watching.