📊 BTC UPDATE 31/07 – SELLERS REMAIN IN CONTROL, PRIORITIZE SHORTS WITH THE TREND

BTC has just seen a strong rejection around the 64.8k–65k resistance zone, forming a large bearish candle that completely erased the previous upward move.

On the M15 and M30 timeframes, price has broken below both the EMA20 and EMA50 in a single bearish move, indicating that sellers are firmly in control of the short-term trend.

The H1 timeframe also confirms the weakness, as price continues to be rejected around the EMA200 and has failed to establish a new higher high, suggesting that bullish momentum remains limited.