Signal BTCUSD Sell — H4 - July 16, 2026 23:59 GMT-4
On the H4 chart BTCUSD has been wrestling between the 63000–65000 range since early July. A strong bullish impulse on 2026‑07‑07 pushed the price up to 64703, backed by a surge in volume (≈41k contracts), but the subsequent pull‑back to the 63800–64200 zone was accompanied by shrinking volume, indicating waning buying pressure. The most recent four H4 candles show a series of lower highs and lower lows, with the close at 63863 after a modest 12k‑volume candle. The 63000‑63500 area now acts as a confluence of resistance formed by the prior swing high and a declining momentum divergence on the…