7.16 Jack evening BTC market analysis

After the market surged to 64,269, the bulls weakened and the price began to fall. It hit a low at 64,101 and is currently stabilizing around 64,164. On the order book, a large amount of sell orders has piled up in the 64,200–64,238 area, with heavier overhead selling pressure from the shorts. After the rapid drop, there was a slight pause in the selloff, but the upward momentum has clearly weakened. If it cannot reclaim 64,238 next, the market is likely to continue running on the weaker side. #比特