Signal BTCUSD Sell — M15 - July 15, 2026 13:58 GMT-4
On BTCUSD M15, the price has been consolidating within a descending channel since the 65380.2 high, marked by lower highs and lower lows. The recent candle closing at 64700.3 (low) and 64719.3 (close) confirms a strong bearish bias, with high volume (1135) indicating robust selling pressure. The formation of a bearish engulfing pattern near the 65380.2 resistance level suggests a potential reversal, aligning with the SELL signal. Key support at 64700.3 and 64641.8 (previous low) is now under threat, and the price is testing these levels with declining momentum. Volume remains elevated during the downtrend, validating the strength of the…