$BTC price high-level converging triangle, waiting for a breakthrough direction
Price is adjusting at a high level, and the candlestick forms a converging triangle, waiting for a breakthrough direction. The bottom formation on July 2 indicates a short-term rebound, while the top formation on July 3 suggests a pullback risk. The short-term moving average MA7 is turning down but remains above MA30, with the long-term MA30 slowly rising, indicating an overall upward trend. Trading volume is shrinking, and a breakthrough requires an increase in volume to confirm its validity. If it breaks above the upper trendline of the triangle with increased volume, there is potential for further gains; if it breaks below the lower trendline, a pullback to support levels may occur. A short-term pullback can increase liquidity. I lean towards the latter pullback!
