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$BTC July 3 Market Analysis by Boss
Reviewing yesterday's whole day, bulls dominated. After opening, prices continued to oscillate upward, reaching the 621 level. However, each rally was accompanied by pressure and pullback. Throughout the entire session, prices did not effectively break above the hourly Bollinger Band midline, indicating that short-term bullish support remains, but upward momentum has weakened, and selling pressure continues to suppress new highs.
In the early hours of today, the market shifted into a narrow range consolidation. After a minimum retracement to 611, it stabilized. The current price oscillates around 615.
The hourly Bollinger Band upper rail flattens and narrows, volatility continues to shrink, forming a standard consolidation structure. It is difficult to have a unilateral trend in the short term. The main strategy is to sell high and buy low.
Upper resistance: 625-635
Lower support: 610-595