7.29 morning analysis


A new day, a new start! In the morning, the big cake pierced 63,000 and rebounded to 64,000, then faced resistance and fell back. The lowest dipped to 63,500, and the current price is consolidating around 63,800.

On the four-hour chart, price repeatedly gets blocked near 64,000, with frequent long upper wicks; bearish dominance remains unchanged. The 120-day moving average is at risk of a dead cross with the middle band—if it forms, it will accelerate the downside. The KDJ shows a golden cross, but the rebound is on shrinking volume, which is a technical correction rather than a reversal signal. Stay bearish before the Federal Reserve decision.

Big 🫓: Continue short near 64,000, target 63,000#比特币$BTC $比特币$
BTC1.41%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
CompoundSeeder
· 4h ago
The air force is in position—just waiting for 63,000 to be broken. This rebound is basically free kills.
View OriginalReply0
  • Pinned