July #BTCBreaksATH
Bitcoin: If the hourly candle - any hourly candle and this is the only condition - closes below the red line, it will have turned negative on the smaller timeframes and will drop between 108 / 107.500..
Ethereum: It is essential to break above the red line with high momentum; it is not necessary for there to be a close above it, a high momentum break is sufficient.. This area is very close, if it does not break it, it will face a correction below the blue box.
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Note:
The larger timeframes - even the 6-month timeframe - are positive, and the medium and small timeframes do not show confirmation of the direction yet; however, there are still large sellers who are quietly selling in abundance (you can refer to the VBSM indicator to confirm)
The path to 116/120 thousand will not be easy.