7.28 BTC$BTC market analysis


From the one-hour level order book, BTC surged to 65,780 yesterday and then saw a rapid pullback. During the move, the lowest wick pierced around 63,021. The current price is holding near 63,200 and consolidating with fluctuations. In the short term, the price has effectively broken below moving-average support, and bearish momentum has concentrated its release. However, the 63,000 zone has relatively strong support/absorption. It is the key long/short defense level for the current round of the market.
Volatility on the board continues to expand, and the game between bulls and bears has intensified further. Don’t chase breakouts or sell into weakness; be patient and wait for key price levels to enter in batches. Strictly control position size and set stop-losses.
Analysis: On a pullback near 63,000, try a long position with a light position size; the target is 64,000.
Set up short positions in the 64,000-64,500 range on the rebound, defend at 65,000, and aim downward for 63,000-62,000.
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MemeCharity
· 22h ago
63,000 is the key defense level. After the shorts are released, watch how strong the support is; shorting after that should be done cautiously.
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