Monthly Debrief

from a daily perspective, this last for4cats for bitcoin is still a short term play:

but these last3 weeks have not felt like a typical short environment at all in bitcoin but were littered with larger than 100% retracement for the bears which made it very hard for them to make lower prices stick

the weekly chart sheds some light on where momentum resides-look at at ZLR makeup-we haven't had one of those for a while:

leading to the monthly time frame wich has a notion of a topping pattern but please note the opportunity risk being marginally small versus ample possible rewards-should a news item or otherwise participation get the bitcoin price just a little up we might see one of those typical bitcoin runs where a 20% run is in, in no time:

(so the actual HTF risk is to the to the downside not the upside)

(=30k is still magnet)

for the ES the monthly call is a bit easier than bitcoin, after a near straight run with little breathing the approached wide double top should serve as a successful distribution zone and lead us to a final month of advancements temporarily and a s such no low risk entry zone for long term players

instead if pursued by the long side a temporary summer pause until highs got rejected and we find a way to fade the retracement is a more suitable entry for bulls if risk control is their dominant trading factor: