Price action continues to favor the bulls, with every pullback attracting fresh buyers. This trend reflects growing optimism and the potential for continued upside.
Bullish pressure is increasing, and the current structure suggests that demand remains strong. Holding key support could open the door for another impressive rally.
Bullish momentum continues to build as buyers defend key support with confidence. A breakout above resistance could trigger the next strong upward move.
The technical structure continues to favor a positive outlook as long as key support remains protected. Momentum is slowly improving, suggesting that market confidence is returning. A clean breakout could be the catalyst for the next significant price expansion.
BTC Facing Strong Resistance – Is a Bearish Pullback Coming? 📉
Bitcoin is trading around $64,738 on the 4H timeframe, where price is struggling below the $64.9K–$65K resistance zone. Despite holding above the 7, 25, and 99 moving averages, buyers have failed to produce a strong breakout. Multiple rejection candles near resistance suggest that bullish momentum is weakening, increasing the probability of a short-term correction before the next major move. 📊 Bearish Strategy (Short Setup) Entry Zone: 64,800 – 65,000 Stop Loss: 65,650 Take Profit Targets: 🎯 TP1: 64,300 🎯 TP2: 63,900 🎯 TP3: 63,400 🎯 TP4: 62,900 📉 Downward Strategy Wait for a confirmed rejection below 65,000. Enter only after a bearish candle closes from the resistance zone. If 64,300 breaks with volume, the selling pressure could accelerate toward 63,900–62,900. Avoid chasing the trade. Let the market confirm the breakdown before entering. A clean break above 65,650 would invalidate this bearish setup. Until then, the resistance zone remains the key level to watch for potential downside momentum. #FootballSeason2026 #SpaceXReschedulesStarshipFlight13ToJuly23 #BTC $BTC