$BTC Monthly close is in 2 days, and so far it doesn't look like a particularly bearish close. We've already established both the monthly high and monthly low. If price starts pushing higher and sweeps the current monthly high into the beginning of August, I'd be very cautious. At the start of a new month, BTC often targets significant highs or lows to establish the month's range, so that's something to watch closely in August. If we begin selling off in August without first sweeping July's wick high, then the 60K–61K region becomes the key area to observe.
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