Signal BTCUSD Buy — H1 - July 17, 2026 11:58 GMT-4
On the H1 chart of BTCUSD, the recent 48‑hour window shows a clear swing from the high of 65261.6 down to a low near 62770, establishing a descending channel. The last three candles have closed progressively lower, with the most recent bar opening at 63266 and closing near 63071, testing the 63000‑63200 support zone. Volume has been tapering after the peak of 14,487 during the bullish breakout, indicating weakening buying pressure. A bullish reversal is plausible if price can pierce the 63100‑63200 resistance and hold above the 63070 pivot. The entry sits just above that level, providing a favorable risk‑to‑reward…