7.13 BTC Analysis

BTC on the one-hour timeframe has broken out of a bearish CHoCH structure. Swing highs continue to make lower highs without interruption, and the market has repeatedly formed bearish BOS confirmations that downside continuation remains intact— the bearish trend has been fully set. Across the entire cycle, moving averages are synchronized in turning downward to form ongoing pressure. The Bollinger Bands channel opens unilaterally to the downside, and price continues to trade under sustained pressure within the weak range near the lower band.

Oscillators remain in a long-term low, dull/flattened state. There has not yet been any bottom-divergence or stabilization/turning signal, and the broader bearish setup is clearly defined.

Switching to the 30-minute timeframe, the market also forms a complete bearish downtrend structure in sync. Each time price rebounds slightly and touches the short-term moving averages, it meets pressure and drops again. This is only weak corrective action during the sell-off, and there is no bottoming reversal structure providing support to the bulls.

Practical strategy: when price rebounds to around 63,000–63,400, go short. The first downside target is 62,400, and the second target is 61,400. $BTC