【Top 10 Crypto Traders’ Highlights Today | August 3】
No beating around the bush—after integrating several traders’ viewpoints with the live candlestick charts, the conclusion is:
BTC is bearish in the short term. Until 64,000 is firmly regained, treat all rebounds as corrections, not reversals.
BTC is currently around 62,700. The image is TraderSZ’s BTC daily chart posted today.
Why is this the call?
1）The three main liquidation clusters Daan mentioned are at 62,200, 62,800, and 64,000. Price is very likely to be pulled back and forth around these levels.
2）The current price is still below the 4-hour EMA20 (about 63,200) and EMA50 (about 63,700). The short-term structure hasn’t turned bullish yet.
3）On TraderSZ’s chart, the midpoint of the range is near 62,320. Price once dropped below that midpoint and is still repeatedly hovering around this area. The two clearly marked levels below are 60,019 and 57,717. ETF fund flows have not formed a consistent direction, so there isn’t enough strength to support a direct reversal—for now.
Putting these together, there’s only one route to watch next:
From around 62,700, BTC continues to chop and drift lower, first testing 62,320–62,200. After a breakdown, it keeps looking for support near 60,000.
A rebound is expected around 60,000. First, see whether it can reclaim 62,320. If it’s stronger, it could test 63,700–64,000. But as long as 64,000 can’t be reclaimed, this upswing is still only a rebound; the outlook remains weak afterward.
So the direction is very clear: drop first, then rebound. If the rebound can’t get back above 64,000, keep treating it as bearish.
There’s only one invalidation condition for this route: BTC regains 64,000 and then retests 64,000 without breaking it. If that signal appears, the short-term bearish call needs to be canceled.
Range trading or grid strategies are possible, but once 62,200 is confirmed lost, you need to watch out for price continuing to search for 60,000. A one-way selloff could wipe out all the grid profits from earlier.
The above is a scenario analysis of the market path, not a guaranteed-win signal.
Do you think a decent rebound can show up around 60,000?
#BTC #ETH #BNB
No beating around the bush—after integrating several traders’ viewpoints with the live candlestick charts, the conclusion is:
BTC is bearish in the short term. Until 64,000 is firmly regained, treat all rebounds as corrections, not reversals.
BTC is currently around 62,700. The image is TraderSZ’s BTC daily chart posted today.
Why is this the call?
1）The three main liquidation clusters Daan mentioned are at 62,200, 62,800, and 64,000. Price is very likely to be pulled back and forth around these levels.
2）The current price is still below the 4-hour EMA20 (about 63,200) and EMA50 (about 63,700). The short-term structure hasn’t turned bullish yet.
3）On TraderSZ’s chart, the midpoint of the range is near 62,320. Price once dropped below that midpoint and is still repeatedly hovering around this area. The two clearly marked levels below are 60,019 and 57,717. ETF fund flows have not formed a consistent direction, so there isn’t enough strength to support a direct reversal—for now.
Putting these together, there’s only one route to watch next:
From around 62,700, BTC continues to chop and drift lower, first testing 62,320–62,200. After a breakdown, it keeps looking for support near 60,000.
A rebound is expected around 60,000. First, see whether it can reclaim 62,320. If it’s stronger, it could test 63,700–64,000. But as long as 64,000 can’t be reclaimed, this upswing is still only a rebound; the outlook remains weak afterward.
So the direction is very clear: drop first, then rebound. If the rebound can’t get back above 64,000, keep treating it as bearish.
There’s only one invalidation condition for this route: BTC regains 64,000 and then retests 64,000 without breaking it. If that signal appears, the short-term bearish call needs to be canceled.
Range trading or grid strategies are possible, but once 62,200 is confirmed lost, you need to watch out for price continuing to search for 60,000. A one-way selloff could wipe out all the grid profits from earlier.
The above is a scenario analysis of the market path, not a guaranteed-win signal.
Do you think a decent rebound can show up around 60,000?
#BTC #ETH #BNB