7.28 BTC price board analysis

Direction: Pushing higher is met with resistance and a breakdown occurs. In the short term, the control position for the “head” has the upper hand; rely on rebounds to set up the “head control” plan.
Control: Around 1886-1894; place the stop-loss above 1908; targets 1865/1840.

BTC initially touched a high of 1982.00, after which the “head” momentum gradually dried up. The market turned and then kept ranging and sliding downward all the way; the current price is 1875.83. Price continues to trade persistently below the short-term moving averages. The “head” repeatedly attempted a comeback, but each attempt was declared a failure. Overhead sell pressure keeps releasing without interruption, and the trend has officially shifted into a downward channel. The short-term moving averages have changed from support to resistance/pressure. The first key defensive level below is 1865.

In this round of upward action, the rise was driven by a rebound in macro risk appetite and additional “head-driven” momentum. After consecutive pushes higher, a large pile of profitable positions accumulated at the highs as the price reached the pressure zone, and institutions began closing “head” positions in batches. Long-term capital’s stance showed disagreement: short-term “head” traders focused on taking profit and exiting. Bottom-fishing sentiment is lackluster, and once the price breaks down, the adjustment pattern continues.

The downward pace is consistent—do not blindly bottom-fish for a rebound. Wait for the price to bounce back and test the 1886-1894 resistance zone; if signs of a stall appear, then participate in the “head control” setup. 1908 is the key resistance checkpoint for this round; place the stop-loss uniformly above that level. First, focus on whether the 1865 support holds effectively. If support fails, downside room will expand further, and attention turns to around 1840. $ETH #加密市场回升