7.28 BTC evening chart observation

The evening chart continues to weaken, with the current price consolidating in a low range around 63,300. As the interest rate decision approaches in the early morning hours, the market worries about tighter policy; funds collectively reduce risk exposure. High-level longs have clustered to exit, and short-term selling pressure continues to be released. Indicators have entered oversold territory, and overall price action is running under pressure.

The short-term pressure range is 64,300–64,700. The prior high at 65,600 has turned into a strong resistance. The key supports below are 63,000 and 62,600. After continuous declines, there is some follow-through/support near the lows; as long as it has not effectively broken down, the prior short- to mid-term consolidation structure has not been thoroughly destroyed.

Evening reference ranges:
1. On a rebound 64,300–64,700, defend above 65,000; targets at 63,000 and 62,600;
2. On a pullback 62,600–63,000, defend below 62,300; targets around 64,200.
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