Pal Bitcoin:Native Market Daily Report — 7.28 Chart 1: Daily Chart 1) Yesterday, it was still rejected at 66 and moved downward. Currently, it's testing 63 as expected, which is also the EQ level. 2) From a structural perspective, the trend is still leaning bearish. Here, IDM is waiting to hunt, meaning 613 SSL is waiting to be tested. 3) Keep an eye on tomorrow's close. If it closes below 63, that's ideal. The next best scenario is a bearish close. If it closes above 645, then be cautious of potential reversals. Chart 2: Hourly Chart 1) On the hourly chart, as mentioned, 63 is an H4 OB level, providing some support. It's also the EQ level, so it needs attention. 2) Two scenarios: - First, a rebound here to fill the FVG gap, but still rejected at 658, leading to further downside. - Second, a breakdown, followed by a retest, and continuation of the short position. 3) For now, waiting for the U.S. market to open to see the direction. Personally, I'm expecting further downside. #Bitcoin #Crypto $BTC $ETH