I really think this chart is key. Lower highs and lower lows have not really been broken since the April 24th rise. (There is one slight cross from the beginning of May and early June, but just a few dollars off.) The lower highs have thus far been consistently lower, just eying it around $10 each time.

I'd say the $97 - $100 area is key. If we can rally above that then we have broken the lower high downtrend. But as of now and as long as we stay below around the $100 area (technically our last lower high was around $110) we are still in a downtrend.

What do you TA guys think of the lower high and lower low consistency in your experience? I understand BTC is a different animal.