7.28 Lu Hong BTC intraday outlook

BTC saw a sharp pullback and fast dip yesterday. This is a deep retracement and washout after a rally. The 4-hour chart printed consecutive large bearish candles, releasing bearish momentum. There is a need for short-term oversold repair, so do not blindly chase shorts. The major-cycle support area remains intact; the pullback is precisely a good opportunity for longs to position. After panic selling and a selloff, a rebound can start at any time.

Intraday outlook
Pull back to around 62,800 to enter and build a long position directly.
First target: 63,900. If it breaks through, look up toward 64,400, the heavy resistance area.
Above 64,300 is the short-term line in the sand; only by holding above it continuously can upside rebound space open up.
Currently, it’s in a consolidation-and-repair phase after a sharp selloff. Chasing at high levels carries extremely high risk—wait patiently for a lower-entry opportunity #CLARITY法案进入最后关键阶段 $ETH $GT $BTC