In spite of ups and downs over the 30-day period, bitcoin volatility fell significantly in July. By the end of July, 30-day realized volatility had declined to 27%, compared to 30% at the end of June.
Arthur Hayes, CEO of leveraged trading platform BitMEX, said that the decline in this key metric likely had both positive and negative effects on the market.
Read more here
http://www.coindesk.com/july-bitcoin-price/
I agree the technical analysis, but in this case when it use the fundamental information you can't observe it only in the same short period as the technical so technically and fundamentally this article is a classically FUD.