JiaMiYing
JiaMiYing|Jul 28, 2025 11:12
BTC: As of July 28, 2025, the current price of BTC is $118800; Yesterday's closing pattern was a "small bullish line", with weak volume performance, indicating that multiple parties are still taking the initiative in the short term, but the upward momentum has weakened. On chain data, the turnover rate in the weekend market decreased, speculative sentiment eased, short-term selling pressure eased, and prices tended to stabilize. According to URPD data, 1.575 million bitcoins have accumulated in the range of $103500 to $108500, becoming the strongest support level; The range of $93500 to $98500 has accumulated 1.642 million bitcoins, making it the second strongest support level. Overall, Bitcoin is still in a volatile consolidation trend, maintaining a slow upward trend. Last week, the gap around $114000 was filled, but there is still a technical gap around $112000. If the price fails to quickly break through historical highs, there is still a possibility of the gap being filled.
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