7.28 Jack afternoon BTC analysis

In the early phase, after the 64727 high point, there was a sustained downtrend; the price continued to break lower until it probed down to the 63021 low, and then gradually stabilized. After that, it formed a period of range-bound consolidation and recovery. The price repeatedly lifted higher relying on the moving averages. After the rebound touched the upper range area, the upward momentum slowed down; the moving averages began to turn. The current price is 63380, entering a short-term pullback phase under pressure.
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Judging from the market rhythm, this rebound is a repair move after a large drop and has not fully reversed the earlier larger-timeframe bearish structure. Next, focus on two key levels: the support at the lower 63021 low—if the support holds effectively, the sideways pattern will continue; the rebound high near the upper area will act as short-term pressure. To restart the upward move, the price needs to reclaim and hold above the resistance line.