Art of Speculation|Jul 30, 2026 16:36
The idea for IGV remains unchanged. It moves up and down in sync with BTC. Bottoming out together in September and October, forming a major weekly bullish divergence to kick off a bull market reversal. For IGV, the rebound in August is targeting 94-95, which is a strong resistance level. Currently, it's forming a triangle convergence, and ultimately, we’re looking at 73 in September or October.
Same logic for BTC: rebound targeting 68,000-72,000 to clear the short-side liquidity above, then move down to take out the long-side liquidity at 57,700. This back-and-forth leverage clearing will continue until bottoming out in October to start the bull market. I don’t think it will drop below 50,000.
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