Bitcoin has been in a trading range for a fortnight now. The chart shows that the price broke the trend line and then tried to break the key level of $63,740 and close higher. This failed on the first attempt and a false breakout occurred.
Bitcoin is now consolidating near this key level and is probably gaining strength before breaking through.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.