Rejected from the range high again.

Price has been stuck between $60,500 and $71,500 since March and this is the fourth time that the range high has been broken.

The next important support is near the mid-range ($65,000) which must hold.

Currently, both range boundaries have been tested a few times and the price has been range-bound for the past few months, which suggests that a breakout is imminent and will be massive.

If you are a bull, you would expect the mid-range to lead or the mid-range to hold.

If you are a bear, you would probably expect a breakout below the mid-range and possibly a test of the range low again, which would not be a good sign for the bulls.

Overall, the overall market structure remains bullish regardless of which scenario unfolds or how long it lasts. #美联储何时降息？