$BTC July 22 BTC market summary

Looking back, last night’s rally pushed BTC up to around 669, forming a local peak; after that, upside room began to be constrained, with the move remaining suppressed by hourly band resistance.
After today’s open, the bulls launched several tentative attempts. The intraday rebound high was 667, but it still failed to break the prior high of 669. The bull attack strength was clearly weakening.
After the morning push to the upside met resistance, the market gradually weakened: price oscillated and drifted downward, dipping as low as 655. The current price is hovering and trading around 661.
Technically, on the hourly chart the Bollinger Bands have shifted from flattening to opening downward, and the short-term market has officially entered a weak correction phase.
After the continuous surge, bullish momentum has been severely consumed. Multiple attempts to break higher failed to get above the high, creating a signal of lack of upward strength.
The first target at 655 from the evening analysis has already been reached and broken. I’m not seeing any further move—still looking at 650-645 first.