Bitcoin August Relief Rally?Bitcoin / U.S. dollarBITSTAMP:BTCUSDTrader-AlchemistBitcoin is hovering around 65k. I am expecting two scenarios. Scenario 1: BTC will first take out the highs of around 68-70k. As we take out the highs, we will drop and take out the lows and tap into the the region sub 60k (likely around 50k) Scenario 2: BTC wont tap into the 68-70k, and we move lower first. As we move lower, we may or may not take out the lows at 57-58k. Price will then move up and take out the liquidity at 68-70k. After this I am expecting a big move to the downside sub 60k region. I will look to DCA when we tap into this region. ⚠️ Disclaimer: I am not a financial advisor. The content shared on this channel is for educational and informational purposes only and should not be considered financial or investment advice. Trading and investing in cryptocurrencies involves significant risk, including the potential loss of some or all of your capital. This is especially true when using leverage, margin, or futures products, which may not be suitable for all participants. Any strategies, trade examples, or market commentary presented are for educational purposes only and are based on personal opinions, experience, or hypothetical and historical examples. Past performance does not guarantee future results. Always conduct your own research and consider consulting a licensed financial professional before making any financial decisions. Never trade with money you cannot afford to lose. By viewing this content, you acknowledge that you understand the risks involved and agree that Trader Alchemist is not responsible for any financial decisions or losses you may incur.