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BTC is currently trading around 63.1K and has just made a strong bounce from the 62.7Kβ62.8K area. However, when looking at the M15 β M30 β H1 β H4 timeframes together, I still view this move as a technical rebound within the broader downtrend, rather than a confirmed reversal.
On H1 and H4, price is still trading below the medium- and long-term MA levels. In particular, the H4 MA200 remains above price and is sloping downward, indicating that sellers are still in control.











