Pal BTC Daily Market Report – 6.9 Chart 1: Daily Chart 1) After the recent liquidity grab on the daily chart, the price is still in a rebound and consolidation phase. It's hard to determine the short-term direction for now, so let's wait for tomorrow's CPI. 2) From a trend perspective, it's still bearish. As mentioned in the weekly report, this is a consolidation phase, and that's where we are now. So for short-term traders, it's recommended to avoid this phase. Wait for a rebound to short or wait for a confirmed signal to short. 3) The higher-level resistance is definitely at 725, but personally, I still stick to the weekly report's view. Currently, EQ is at 696, weekly FVG EQ is at 681, and for now, the maximum rebound target is still 69. Chart 2: Hourly Chart 1) The current consolidation range is between 59-648. Right now, it's being rejected by the H4 bearish OB, so let's first look at the EQ 619 OB test. This is an accumulation support zone, and I believe it will continue to test the H4 bearish OB, which also means testing 648. 2) If it breaks below 612, then we’ll continue to look at tests of 509 and 60.