7.28 BTC Morning Analysis

From the Bollinger Band structure, the price has been continuously capped near the upper band at $65,817, followed by a smaller pullback. The middle band at $64,921 has shifted from support to short-term resistance. Notably, the three RSI lines show a clear bearish arrangement: the extremely narrow gap between RSI6 (18.0) and RSI24 (36.1) indicates that short-term oversold conditions have not triggered medium-term buy-side follow-through. Instead, it suggests downside momentum is transferring from the short-term to the weekly level. The daily MACD is about to see a second opening of a dead cross below the zero line. Combined with the 4-hour OBV energy flow making continued new lows, the current rebound is more like a pullback confirmation after breaking the rising trendline. If the price cannot reclaim $65,100 within 24 hours, the lower Bollinger band at $64,026 will face a test; after a breakdown, the theoretical measured move points to around $62,350, matching the Fibonacci 1.618 extension level. It is recommended to watch for bearish position-increase signals after the funding rate turns positive, and to place defensive short orders when the price returns to the middle band.

Trading suggestion: 64,300-64,800🈳, target 62,300-62,800.$BTC $ETH