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July 6 Chart Observation
Currently in an upward trend, showing sideways consolidation and oscillation between 62,400 and 63,480
The pullback has not effectively broken below 62,400—remain bullish. The current consolidation and rebound are intended to repair the 4-hour MACD and moving average indicators!
Watch for one of these three pullback scenarios:
1️⃣ Retrace to around 62,400, then continue higher
2️⃣ Shallower retracement that does not reach 62,400—continue higher (use bullish candlesticks and a 5-minute golden cross to capture long positions)
3️⃣ Deeper retracement that breaks below 62,400—immediately pull back to form a fake breakdown, then continue higher. If so, there will be a clear 2B pattern. Pull back to 62,400 and go long directly; place the stop loss at the lowest point!
If the group effectively breaks below 64,200, it will continue into a range-bound oscillation in the bottom area #BTC☀