The Elephant Jungle 6/30/26 Page 1

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The Elephant Jungle 6/30/26 Page 1BTCUSDT Perpetual ContractBYBIT:BTCUSDT.PRedElephant420The Bears have less than 12 hours left to get the Monthly candle to close below the low of the Macro Range. That one close could decide whether July becomes another Bearish month, or if the Bulls finally get their chance to take control. If the Bulls can stop the Bears and pull off a Swing Fail at the Range Low, it just might tell the Jungle that the Bulls are still alive. If that happens, we could see a push back toward the Macro VAL. But if the Bears do get the Monthly close below the Range Low, look out Bulls, because the Bears just might shove y’all below 50K next month. So what do the Bulls have going for them right now? Well, as of now, the 1M Demand Range is still holding for them. But the Bulls just lost the 2022 Anchor VWAP like a mother losing her child in the store. Now Bitty is running around looking for another Anchor VWAP to hold onto. The next one waiting to help is the 2020 Anchor VWAP, like it is the security desk at the mall. The Bulls could get lucky because sitting right in that same neighborhood is the 681 Golden Pocket. Those two support levels together could set off some serious fireworks. The problem is, I just do not think Bitty makes it there today. The good news for the Bulls is they may find another support level before reaching that security desk. It could be hiding on a lower time frame where we can’t see it from up here. So let’s head down to the Daily chart and see if the Bulls have another trick up their sleeve.