BTCUSD: Short from pullback

Jul 13

🎯 Trade setup:
Direction: Short from pullback
🔻 Entry: $63,300–$63,600
🛑 Stop Loss: $64,150
🎯 Take Profit 1: $62,400
🎯 Take Profit 2: $61,600

📰 News:
BTC remains under pressure after failing to hold above the $64,000–64,500 resistance area. Recent crypto headlines show cautious sentiment: traders are watching ETF flows, Treasury yields and upcoming U.S. inflation data, while Bitcoin is still struggling to regain strong bullish momentum.
Earlier, BTC held above $63,000 despite ETF outflows, but the market remains sensitive to derivatives positioning and macro risks. The latest move looks more like a defensive pullback than a full trend reversal.

📊 Analysis:
On the 1H chart, BTC is trading near $63,000 after a sharp drop from the $64,000 area. The price is still below the main short-term resistance zone around $63,500–63,700.
Stoch RSI is recovering from oversold levels, so a short-term bounce is possible. However, MACD remains weak and the broader structure is still fragile unless BTC reclaims $64,000–64,500.

Scenario:
If BTC fails to hold above $63,500–63,700, sellers may try to push the price back toward $62,400 and $61,600.
A bullish scenario would require BTC to reclaim $64,000–64,500. Until then, any rebound may be treated as a correction inside short-term weakness.

⚠️ Not financial advice.

Jul 14

Trade closed: target reached

TP1 hit