Bitcoin price update on July 13th

This article was written at 15:06. Looking at the 4-hour chart, Bitcoin fluctuated around the resistance level of 64 over the weekend, before falling on Monday. Our previously recommended entry point was a short position near the 64000 resistance level, currently showing a profit of 1200+ points. The 4-hour candlestick closed with a large bullish candle at 12:00, indicating a strong bearish trend. Short positions can be reduced with a stop-loss order at breakeven, or held with a stop-loss order to the target. The downside target remains the 60500-59500 range. Once it reaches below 60000, we can assess the price action to see if there are any long opportunities. Please click on my profile picture to discuss further. Short-term trading, risk management, and profit/loss at your own discretion.