July marked a transition from trend to consolidation.
Elevated speculation and profit-taking are dragging on momentum, signaling that BTC may need a reset or sideways grind before the next breakout attempt.

What is the formula behind this chart?
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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