7.28 BTC morning chart observation

In the morning, the price remains in a high-level range-bound trading pattern around 65,100. After yesterday’s push to the top and refreshing the stage high, the upward momentum gradually weakened. The market’s entire focus is waiting for the Federal Reserve interest rate decision to take effect later in the evening. On-site funds generally reduce their positions and wait on the sidelines; after the spike, short-term profit-taking continues to be realized. Early-session trading is quiet, and the chart shows narrow-range back-and-forth churning; a one-way move will only emerge after the news lands.

In the short term, the suppressing range is 65,500–65,900, and 66,300 is the key strong resistance for the current stage. Downside core supports are 64,900 and 64,400. At lower levels, there is sufficient continuation support, and the previous short-term rebound structure remains intact without an effective breakdown of the earlier repaired-up structure. Short-term indicators have entered the overbought zone, so further upside space in the early session is limited.

Morning reference ranges:
1、For a rebound: 65,500–65,900, 箜, protect above 66,200, targets 64,900 and 64,400;
2、For a pullback: 64,400–64,900, 哆, protect below 64,100, target looks toward around 65,500.
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