In this video Josep Capo gives a detailed technical analysis of Bitcoin’s price movements, focusing primarily on the monthly chart to the close of July 2026.
He discusses key price levels, micro gap patterns, and implications for traders within the Brooks Trading Course framework.
Bitcoin July 2026 Monthly
Monthly Chart Analysis and Market Context
Strong bull trend followed by a bear breakout
Historically, after such a bear breakout from a bull channel, there is an 80% probability that the market will enter a trading range structure instead of immediately plunging into a prolonged bear trend.
The initial bear breakout was accompanied by strong bear momentum, as evident in the formation of the bear micro gaps (three consecutive strong bear bars).
These bear micro gaps usually imply tests of lower price levels, primarily targeting:
- The low of the last bull leg (first target after a wedge top).
- The low of the wedge top, which suggests potentially deeper tests if the market transitions into a bear trend.
The bear trend is confirmed if price closes below the entire bull spike low. Currently scalping buys, see below.
Currently Trading on Exness
