"7.29 BTC is about to experience major volatility 1. BTC has been consolidating with low trading volume for the 4th week now. The consolidation is pretty much complete, and it's expected that August will bring significant price movement. Whether it's a big surge or a sharp drop, we'll wait for the market to reveal its direction. 2. The Korean index has been accelerating its decline this week, with most storage stocks already halved in value. This is often the extreme panic selling phase at the end of a downtrend. Plus, prices are nearing the 60-week moving average on the weekly chart, which provides strong support. At the very least, August should see a relatively strong rebound.