Bitcoin Daily Analysis 13 July 2026Bitcoin/USDTOKX:BTCUSDTtradingkooroshHi everyone! The weekly candle has closed, so let’s dive into a multi-timeframe analysis, moving from the monthly chart all the way down to our 1-hour entry triggers. Monthly Timeframe First, let's look at the monthly chart. Last month's red candle was incredibly powerful, driving the price straight down to close inside a major support zone. For the current monthly candle, we still have 18 days left until the close. Given how massive the previous bearish candle was and how it forced the current month into a strong support area, it wouldn’t be surprising to see this month's candle end up relatively small, rather than repeating the aggressive trend of the past months. But of course, the market is always unpredictable, so our best approach is to map out our scenarios and stay prepared. Weekly Timeframe On the weekly timeframe, two weeks ago, we saw a candle that strongly engulfed its predecessor; while there was some selling pressure within that candle, buyers ultimately stepped in and forced a close above the red candle's open. However, the weekly candle that just closed shows clear signs of bullish exhaustion. It printed a tiny body with both upper and lower shadows. Therefore, alongside the overall weekly downtrend, we still aren't seeing any real strength from the buyers. Daily Timeframe The last two daily candles developed over Saturday and Sunday, so they carried very low volume and don’t offer much analytical value. However, if we were to pick out a clue, it would be the long upper shadow and the red body pointing downward. 4-Hour & 1-Hour Timeframes (Execution) Everything becomes much clearer on the 4-hour chart. With the reopening of global markets, price got hit with an incredibly sharp rejection from the $64,396 resistance, accompanied by strong volume. We have a few execution scenarios for opening positions now: Active Short Scenario: If you opened a short position on the 1-hour candle break below the floor of the box we discussed yesterday ($63,753) and placed your stop loss above the ceiling of that range, your trade is highly likely still open. Depending on your risk-to-reward strategy, you should be locking in profits here. New Short Setups: Right now, price is sitting on a 1-hour local support. You could aggressively enter a short position upon a breakdown of this level, placing the stop loss above the newly formed 1-hour swing high—though in my opinion, this is highly risky. A much safer alternative is to sit tight and wait for a confirmed break below $61,755 to trigger your short. Long Scenario: For longs, there are two ways to play it. The first is to wait for price to trade back up to $64,396.5 and enter on a clean resistance breakout. The second, earlier entry would be if price establishes a bullish market structure with higher highs and higher lows on the 4-hour or 1-hour timeframe before reaching that key resistance. This earlier setup might be preferred because the sellers showed immense strength at that $64,396.5 zone—causing severe consolidation followed by a violent rejection—meaning that waiting for a breakout there might end up giving us an uncomfortably wide stop loss. I hope you enjoyed today's multi-timeframe update and find it useful. As always, make sure to keep your risk and money management in check!