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7.26 Siran morning BTC analysis
On the 4-hour timeframe, price action maintains a low-range sideways consolidation with a small rebound upward. However, market funds continue to net outflows, and the rebound momentum is weak. It’s only a recovery after a big drop; the overall trend still remains bearish. There is heavy resistance overhead, and it doesn’t currently have the conditions for a reversal to strengthen.
Trading idea: prioritize opening short positions on rebound under pressure
Short BTC on the rebound at 64800-65100, stop loss at 65420, targets at 64000-63600 #BTC