I think that confirmation will come once the Daily candle engulfs the June 25th range, as BTC is currently trading inside it. Once that first goal is achieved, it should open the path toward the ultimate target: reclaiming June's Open.
To get there, the key challenges ahead are:
- For this week's candle to engulf last week's range (and reclaim the PWO - Previous Week's Open).
- Bulls need to clear the June 18th week's high, which held the market down for 5 days.
- Claim the last major swing high to completely clear the path to June's Open.
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