Bitcoin to drop further (BTC/USD Analysis)

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7y

MONDAY
1-JUL

Price rejected $13,000 and closed the month below the range EQ, if the actual range has been established.
Price may now seek the range low, although it is too early to tell.
Today is the start of Q3 and although the bullish momentum might continue, price may very well make a correction before that.

On the Weekly, last week's (LW) candle rejected the highs quite convincingly and could be signalling a potential reversal, although it's too early to tell.
The sell LQ below LW low is too close not the be taken out.
Further sell LQ could be found below the previous week.
The upside LQ seems far away right now.

On the Daily, price also seems to be targeting the sell LQ and it already took out Y low.
Y high also seems far away and y'day's candle close seems bearish.

Bitcoin to drop further (BTC/USD Analysis) | Ecency