7.17 morning trading thoughts

On the 4-hour timeframe, the market has broken out of a three consecutive bearish candles pattern. The price is currently consolidating and ranging in the 63,500 zone. Both MACD and KDJ lines are turning downward in sync.

Overlaying the 1-hour timeframe, it has formed an eight consecutive bearish candles structure, which is enough to show that bullish momentum is severely lacking. The subsequent market is still expected to lean toward a bearish pullback.

Brother says resistance at 64,500 and 65,300 will cap it; downside targets 63,000 and 62,000.

Second brother says resistance at 1,890 and 1,930 will cap it; downside targets 1,800 and 1,750.
$BTC