BTC bears are in control this round. The weekly chart shows a bearish engulfing pattern, with a significant net inflow of BTC into exchanges. Stablecoin pools are being drained, and liquidity is tight! I’m also expecting the Fed to hike rates in September. If today’s rebound can’t break above 63,700, it’s going to stay weak. Key levels for today: Strong resistance zone: 63,600 - 64,500. The closer the price gets to the resistance levels, the better the risk-reward ratio for shorting, with lower risk. These are prime shorting spots. Current support levels are as fragile as paper. Follow the trend, don’t stubbornly catch falling knives