July 27【BTC】4H chart

The big BTC can be determined to be running within an ascending channel. The past two days saw a drop to the lower line and then a rebound. This morning it rebounded up to the 65,500 resistance. Here, it can be considered the right shoulder of a head-and-shoulders top. If it breaks below the channel, the probability of bearish continuation increases, with expectations of reaching around the two support levels below. If the price continues to consolidate upward toward the upper line, that is also an opportunity to short. Of course, with a short setup now, it’s definitely necessary to use a small stop loss. If stopped out, you can only wait for the upper line to short again. For a more prudent right-side approach, you can also wait to short after a break downward. #直通IPO第二期JerseyMikes