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Many are back near Dec lows.

Yes, for the Altcoins. Last Fall we saw simlar activities where BTC rose but Alts fell...but they caught up.

My primary call for BTC is for a potential test of the $5,200 or so by Sept.

You're not the only one calling for a test lower. Ever since we lost 7300 I tend to agree, although 6920-ish seems ripe for a bounce.