# The Narrative is Shifting Again

_Fade or buy "the lows are in?"_

July 8, 2026 • Michael Nadeau

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# The Narrative is Shifting Again

## Fade or buy "the lows are in?"

Michael Nadeau
 July 08, 2026

 Hello readers,

 BTC closed above its 200 WMA on Sunday and is now trading 10% off the $58.2k lows established on 6/30. As this plays out, chants of “it’s all over” are shifting to “the low is in.”

 Meanwhile, we’re seeing some signs of life in “the trenches,” and many altcoins continue to outperform.

 In this week’s Pro report, we share updated views on BTC and the broader crypto ecosystem as we look peer into the future.

 Topics covered:

- [Market Structure Update](#market-structure-update)

- [Current Conditions Update](#current-conditions-update)

- [Views across the Crypto Ecosystem](#views-across-the-crypto-ecosystem)

- [Closing Thoughts & Portfolio Management](#closing-thoughts-portfolio-manageme)

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# Market Structure Update

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