$BTC breakdown from channel. Local top is in. Multiple confluence shown at $98k: • 50-week moving average (historical breakdowns indicate bull run is over) [green line, with projected path in dotted green] • Trendline of 2021 ATHs [blue line] • Previous channel bottom [red rectangle] • Previous channel lower trend line [yellow line] I personally don't think the bull run is over, but I do think it's now going to take a while before we see another approach at ATHs-- Could be up to 2 months. Interestingly, this timing is not going to leave any room for a blow-off top of any significant size by October, so either the bull run goes for longer (likeliest outcome), or we have a weird non-blow-off-top cycle. Sentiment is far from euphoria, so my anticipation of a top beyond October (perhaps in Nov-Jan) has increased. The other option is the top is already in (I give that low odds though based on complete lack of a proper sentiment top). The lowest price I see BTC reasonably going is around $98k, the point of multiple points of confluence marked with arrow. We don't want to see it go below that, otherwise bull run could very well be over, even despite the lack of a proper sentiment top. TL;DR: Price below $98k = bad. Price above $98k = good.