Technical analysis by Riscora about Symbol BTC on 7/11/2025

Yesterday was a fantastic bullish day, but price never reached my planned long entry block — buyers were too strong for a proper retest. At this stage, I believe the bullish impulse has run its course and we’re likely to see a sideways phase, as marked on my chart. I don’t expect new highs from here: the market is overcrowded with longs, and this rally needs to cool off. My base case is that BTC consolidates in this range for a while, with price chopping back and forth to unwind the excess leverage. I’ll be watching for signs of distribution: a rising wedge or a deeper pullback can’t be ruled out, but I’ll wait for clear signals from indicators and market positioning (especially long/short ratios). For now, I plan to range trade this zone, but shorts are very risky — that’s a strong countertrend play. If you must short, use minimal size, because the uptrend is still powerful and I could be wrong. Let’s watch how the structure develops. #BTC #Crypto #Trading #Ichimoku #Riscora