BTC at around the early hours of 7/28 faced resistance around 65,060, then reversed downward to 63,566. From the four-hour timeframe, the sell-off volume is relatively strong, with absolutely no sign of any rebound. In the morning, the main sell-off, as we mentioned yesterday, the two sell-offs combined settled at around 1,650 + 80 points.



$BTC Mingyuan 7/28 early: Watch 64,000-64,500 for the sell; look at 63,200-62,300.

$ETH Mingyuan 7/28 early: Watch 1,910-1,935 for the sell; look at 1,870-1,830.
BTC-1.57%
ETH-1.12%
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NewBillionBillion
· 15h ago
Teacher is awesome
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SiloSaver
· 16h ago
These shorts are definitely ruthless this round—following Mingyuan has got some meat to eat.
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BlueChipHunter
· 16h ago
Yesterday’s long positions were profitable. Today the shift to a short-side approach was also timely. But keep an eye on daily-level support: if 63,000 is broken, the selloff could accelerate, so make sure your stop-loss is set properly. Also, watch ETH for a short move toward 1,830—it's a bit aggressive, but since the direction is consistent, you can follow with a small position.
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GasGuru
· 16h ago
The analysis is quite on point. The 65,000 level is facing pressure and pulling back, and the morning also provided another chance to enter. However, whether the 63,300 support will break still needs to be observed.
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