7.29 BTC chart analysis

Direction: It faces resistance after pushing higher, followed by a pullback; in the short term, it’s range-bound and weak, so rebounds should be handled primarily.
Range control: Around 63,850–64,050; stop loss above 64,200; targets 63,100/62,800.

After BTC surged to a high and tapped the 64,175 peak, its upward momentum gradually weakened. The price then fell under pressure; the short-term moving averages gradually turned and formed suppression. The bulls repeatedly tried to push higher again but failed to break the previous high. Selling pressure above continued to show, and the market shifted into a high-range consolidation and adjustment pattern. The first support below to watch is around 63,300.

After the high-level push, there hasn’t been enough follow-on incremental capital. Many short-term bulls chose to lock in profits when prices were higher. The bullish attack strength on the order book slowed, and bull-bear control and game dynamics intensified. In the near term, the market will most likely maintain a range-bound and somewhat weak trend. Wait for the price to rebound close to the resistance zone and show a stall/hesitation signal before planning the next trade; keep a close watch on whether the 63,300 support can hold. $BTC #USD1持币生息最高8%