Bitcoin Range for August?Historically August has been a tough month for crypto in the past with mostly flat to negative returns. For that reason, although not a perfect science, I would not be surprised if we see a rangebound environment continuation for BTC.
So what would that look like? Structurally there are three thirds to the range, currently price is looking to break through into the upper third after bouncing off the bottom third bullish orderblock.
Trade setups will naturally present themselves as rotational plays both bullish and bearish at the extremes of each of the thirds but much larger trades from the range top and bottom.
Altcoins are lagging behind BTC structurally so where BTC has been choppy for a few weeks, most large cap alts have hit their highs and are now looking to settle into a range before the next leg up.
