On the H4 chart BTCUSD has been oscillating between a tight 63000‑64500 range since early July. The recent swing high at 64703 was quickly retested and rejected, with the candle closing below the 64300‑level on modest volume, indicating waning buying pressure. Earlier in the session, the pair formed a classic bearish flag: a descending channel from the 64800 peak down to the 63900 low, with each lower high confirming the downtrend. Volume spikes on the down moves (e.g., 100k at the 63719 high) contrast with thin participation on the rallies, reinforcing the lack of conviction for higher prices. The next…

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