BTCUSDT Analysis by @cryptocurrentlyYT

The analysis suggests a bullish outlook for Bitcoin, anticipating price discovery soon. Market sentiment remains neutral despite recent all-time highs, which the analyst attributes to the washing out of leverage. Historically, July and August have been positive months for Bitcoin, particularly in post-halving years. The analyst is awaiting a weekly candle close above 109,000 for confirmation of a breakout, which has typically led to rapid price acceleration. It's anticipated the bull trend will continue until September. For Ethereum, the analyst expects a rise to $3,400 if it closes above $2,800, noting it is currently undervalued compared to Bitcoin. The Solana/Bitcoin pair is expected to perform well, with a recovery expected after the false breakdown. The overall macroeconomic backdrop, characterized by declining US dollar index (DXY) and expanding money supply, supports a bullish case for risk assets like Bitcoin.