Early-Day Assessment on 28/07
BTC Breaks the 64K Support Zone — Recovery Structure Breakdown
*Daily chart:
- On 27/07, after BTC rose to the 65.772k area to lure buyers, it quickly reversed and was heavily sold off, breaking through the psychological support 64k. The session closed at 63.720k, forming a candle nearly at the session low (down 2.53%). The MA50 level on the daily timeframe has been broken, and the Volume is higher than the average of the last 20 sessions — BTC has broken the recovery phase structure from the previous upswing.
- RSI: Below the signal line and lost the 50 level.
- MACD: Crossed down below the signal line; the Histogram turned negative.
*4-hour chart:
- BTC closed on this timeframe with a large bearish Marubozu candle, ending near the lows around the 63.720k area. BTC has broken the support trend formed by the swing lows on this timeframe.
- RSI is trending toward oversold.
- MACD is below the 0 line, with a negative Histogram.
+ Trade Scenario 1: BUY when price tests the 62.4k–62.7k area
Expected TP: 63.3k–63.7k.
+ Trade Scenario 2 (main): SELL in the 63.800k–64.2k area
Expected TP: 62k–62.5k.
* Gold (XAU): On 27/07, after testing the 4120 area, it faced selling pressure and fell back to the 4076 level, closing near the session’s low at 4076 — The dominant trend continues to be DECREASING.
* Oil (Oil): Before news eased geopolitcal tensions, Oil dropped sharply to the 81.897U zone — Oil may react around 80U–81U before continuing to correct/decrease.
+ Gold trading scenario: BUY gold in the 4030–4040 support area; expected TP at 4060–4070 (tight SL depending on position)
> BTC SL scenarios: 500–700 points from Entry
* ASSESSMENT + TRADING SCENARIOS are the Team’s viewpoints intended to provide reference information (Not investment advice). @All
BTC Breaks the 64K Support Zone — Recovery Structure Breakdown
*Daily chart:
- On 27/07, after BTC rose to the 65.772k area to lure buyers, it quickly reversed and was heavily sold off, breaking through the psychological support 64k. The session closed at 63.720k, forming a candle nearly at the session low (down 2.53%). The MA50 level on the daily timeframe has been broken, and the Volume is higher than the average of the last 20 sessions — BTC has broken the recovery phase structure from the previous upswing.
- RSI: Below the signal line and lost the 50 level.
- MACD: Crossed down below the signal line; the Histogram turned negative.
*4-hour chart:
- BTC closed on this timeframe with a large bearish Marubozu candle, ending near the lows around the 63.720k area. BTC has broken the support trend formed by the swing lows on this timeframe.
- RSI is trending toward oversold.
- MACD is below the 0 line, with a negative Histogram.
+ Trade Scenario 1: BUY when price tests the 62.4k–62.7k area
Expected TP: 63.3k–63.7k.
+ Trade Scenario 2 (main): SELL in the 63.800k–64.2k area
Expected TP: 62k–62.5k.
* Gold (XAU): On 27/07, after testing the 4120 area, it faced selling pressure and fell back to the 4076 level, closing near the session’s low at 4076 — The dominant trend continues to be DECREASING.
* Oil (Oil): Before news eased geopolitcal tensions, Oil dropped sharply to the 81.897U zone — Oil may react around 80U–81U before continuing to correct/decrease.
+ Gold trading scenario: BUY gold in the 4030–4040 support area; expected TP at 4060–4070 (tight SL depending on position)
> BTC SL scenarios: 500–700 points from Entry
* ASSESSMENT + TRADING SCENARIOS are the Team’s viewpoints intended to provide reference information (Not investment advice). @All