BTC 7.28 01:30-08:30 market recap analysis

In the early session, it oscillated repeatedly in the high-price range for a long time, continuously probing the upper high at 65069.4, but it was unable to form an effective breakout. Buy pressure from the bulls kept weakening, and resistance above remained clearly visible.
As the range-bound tug-of-war ended, the market chose a downward direction. A series of large bearish candles drove the price down rapidly, and the market saw two rounds of accelerated pullback. The lowest point touched 63461.2, and short-term bearish momentum saw a concentrated release.
After the price hit the low zone, the selloff was temporarily halted and a modest corrective consolidation began. However, the rebound strength was relatively limited—it’s only a short-term pause after a big drop. The chart has not shown any trend-reversal signals for the moment. #直通IPO第二期JerseyMikes $BTC $ETH