Cryptocurrency Scholar: Huge pressure on the "upward trend" of Bitcoin on July 28! Latest market analysis and reference suggestions$$$
Cryptocurrency Scholar: Latest market analysis of Bitcoin (BTC) on July 28, 2025
Current price of Bitcoin is 119,200, it is now 3 AM Beijing time. After a wave of fake breakdown support at 115,000, there was a reverse stretch. Although this wave was captured heading north, it finally exited at 117,500, and the attempt to short failed and was stopped out. Failing to short is a norm; profit and loss come from the same source. Remember one thing: do not resist a wrong position, acknowledge the mistake, and wait for this wave of stretch to finish before finding a position to continue shorting. Do not chase markets that rise and fall sharply.
Before the release, the daily candlestick had a high of 119,550 and a low of 117,800. The candlestick stands above the EMA15 support and is breaking upwards. Pay attention to the main force breaking through 120,000 to decide whether to enter the market. The MACD shows a decrease in volume and an increase in holdings, with DIF and DEA spreading downwards at a high position, indicating that the long-term trend remains bullish. The Bollinger Bands are narrowing, with the upper pressure level moving down to 112,600, and the lower support level stretching to 112,000. Based on the current price, the main trend is to head south from a high position, temporarily cautious about heading north.
In the four-hour candlestick, pay attention to the upward trend pressure level at 121,000. The MACD has continuously increased volume and holdings, with DIF and DEA forming polarization. Focus on the resistance level at the upper Bollinger Band at 119,850, mid-band at 117,600. It is recommended to operate short in the short term at high positions. Friends holding long positions can exit near the resistance level. After reaching the upper Bollinger Band, consider attempting to short again.
Short-term strategy reference: The market is never 100%, so always set stop losses; safety first. The goal is to minimize losses and maximize profits, especially after breaking crucial pressure and support levels. Stop losses must be respected; do not resist positions.
Shorting entry point 116,500 to 115,500, defend at 114,500, stop loss 500 points, target 117,500 to 118,500, if broken, target 119,000 to 119,500.
Shorting entry point 119,800 to 120,500, defend at 121,000, stop loss 500 points, target 118,500 to 117,500, if broken, target 116,500 to 116,000.
Specific operations are based on real-time market data. For more information, you can consult the author. The article release may have delays; suggestions are for reference only, and risks are borne by the reader. $BTC