Signal BTCUSD Sell — H4 - July 16, 2026 19:13 GMT-4
On the H4 chart BTCUSD has been trading in a descending channel since the early July swing high near 65260. The last eight H4 candles show lower highs and lower lows, with the most recent candle closing at 63936.6 after a failed attempt to break above 64240. Volume has been modest during the pull‑backs but spikes to 41k when price rallied to 64703, indicating that the rally lacked broad participation. The 63887 level sits just below the recent swing low and aligns with a strong resistance zone formed by the 63000‑63500 range, while the stop sits well above the prior…