Bitcoin: Van de Poppe Flags July Low Sweep

Bitcoin faces a sweep of lows below the early July print as @CryptoMichNL notes month-end rebalancing flows driving the move.

Two paths stand out: a cascade through liquidity at <$52000 or an immediate bounce that builds bullish divergences across timeframes.

Bitcoin trades at $58676.34 inside the Bollinger Bands and hugs the lower band support at $58566.72 while the EMA50 at $60665.16 and EMA200 at $65619.68 cap upside in a bearish structure confirmed by the MACD death cross at -502.06; neutral RSI at 37.07 leaves room for either a sharp flush lower or a relief rally before the next directional commitment.