Xingge Discusses Crypto｜July 28 BTC Monday Outlook

Big Cake outlook: On Monday first look at the rebound strength, with a focus on the 65,000 resistance level; short-term rebounds are mainly for shorting.
📌 Short setup (primary):
Place shorts around 64,800-65,100
Invalidation: Above 65,400
Targets: Around 64,300-64,000
📌 Long setup (secondary):
Look for stabilization around 63,800-64,000 to go long
Invalidation: Below 63,500
Targets: Around 64,500-64,800
Over the weekend, the Big Cake overall didn’t move much; it basically traded in a range around 63,700-64,900.
There was no US stock market over the weekend, and no important data; market volume was relatively low, with more time spent digesting the prior sell-off.
Last night, the Big Cake rebounded up to around 64,900, but the 65,000 area still wasn’t broken through, which shows selling pressure above remains.
Tomorrow on Monday, once funds return, the key is whether the Big Cake can break 65,000 with volume.
If it breaks through and holds, short-term price action may continue to test 65,500-66,000.
If 65,000 continues to face pressure, still first look for a pullback toward around 64,000.
At the moment, the market structure doesn’t have a particularly clear big direction; for now, act around key levels and wait for the market to choose $BTC ‌#布伦特原油重返100美元