Sell in August then buy in Uptober much higher. Classics!

Drop and close below Trap line (113275) is bad for BTC. We should bottom around 113K and bounce this week for bullish continuation. Yellow safety trade line is currently on 107100. If price will go below Trap line, 106-107K the first level to watch and open longs. August is often red month for stocks and crypto, so I will not be surprised if we go lower 110K, maybe to 95-100K. But if TL holds (higher low) - to ATH.

This is the time when Google's ban on self-custody wallets leads to a noticeable drop in Alphabet stock quotes, and not a fall in the crypto market on really bad news. And a huge corporation that usually doesn't care has to urgently change its rules and return wallets to the play market. On the same day, bitcoin's market cap exceeds Alphabet's capitalization. Bull run baby!