7.28 Jinglu Midday Brief Review

BTC opened a one-way decline from the 65,722 high, and the lowest dipped to the 63,021 level. In the short term, bearish selling pressure has been sufficiently digested, and the midday chart is likely to see a wave of technical oversold rebound and repair. However, the medium-term downtrend has not changed. Above, the 63,600-64,000 range has heavy trapped-position supply and selling pressure. After rebounds reach the pressure zone, the bulls will likely lack the strength to continue, and the market will turn lower again. In terms of trading, you can take advantage of the rebound swing: after price faces resistance at higher levels, follow the trend to set up short positions, apply strict risk control, and capture downside profits in line with the broader trend.

Trading Suggestions
BTC (Big Cake): Short 63,600-64,000
Target range: 63,000-62,500

ETH (Ethereum): Short 1,900-1,920
Target range: 1,700-1,720$BTC $ETH #KOSPI指数日内暴跌9% #明尼苏达预测市场禁令被叫停