If we observe the market geometry in the Square of 144, we see a strong of the 1x5 angle as well as the 2/8th MAJOR at the 5600 value area. Let's also review the time cycles
1. End and Beginning of a new Law of Vibration Cycle.
2. Middle of a Square of 52.
3. June 22nd - July 7th Season and Date - strong probability of being found during this time, trending markets often begin a 90 to 180 day corrective/reversal move.
4. 'Death Zone' Cycle - 7 week cycle, 7x7=49 days. 49 Days is what called the 'Death Zone' - it ends blow-off moves. This is actually an important thing to recognize: this current cycle has been a >40% reduction in Bitcoin's price from the previous swing high.
5. - Bitcoin -1.50% has the highest probability of finding rising prices when it is near a swing low at the appearance of a lunar phase. That happened on the 27th of June.
6. Mars went retrograde on the 26th of June, Mars retrograde has only appeared twice in Bitcoin's trading history and in each of the prior retrograde phases, Bitcoin -1.50% experienced the highest % gains in its history. For whatever reason, cryptocurrencies are extremely sensitive to any important Mars aspect or cycle.
7. Mercury enters Leo -0.39% on June 29th.
8, Uranus exits Taurus on July 1st and re-enters on September 14th. Uranus is a planet that initiates change and conflict. Taurus represents the basic opposite: stability, tradition and security.
9. Additionally, look at the DXY -0.12% index and see that it is taking a huge dump, this could be a strong trigger for short-term sentiment and provide fuel for Bitcoin -1.50% to rally higher against the dollar.
Let's also remember one of the basic principles of Dow theory as it applies to panic phases and accumulation phases: extreme and negative news and sentiment, but price action fails to produce increasingly dramatic lows.
Additionally, if we analyze the price action and history of Bitcoin -1.50% during the Summer months (June 22 - Sept 22) we often see a flat or falling prices, followed by MASSIVE rallies and exponential gains going into Fall.