7.23 BTC morning analysis:

BTC is gradually buying in batches around 1945/1970, with the target looking toward 1910/1890.
If you want to do a “long” position, you can set up around 1900, stop-loss at 1880, with the target looking toward 1945/1970.

Overnight, it surged to hit the stage high at 1958, then the market turned downward; the price has continued to trade sideways and weaken. The focal point of the “long/short” game keeps shifting downward, and the “head” side’s strength has gradually taken the lead on the board.

Although the board saw a small rebound and recovery in the middle, the overall downward structure of rally-to-selloff has already been established. The short-term downward pullback trend is dominant. The current range-bound movement is a weak rebound during the process of further decline; fundamentally, it’s absorbing pressure and building energy, digesting the trapped chips from the high level, opening room for a further drop afterward.

Since this round topped at 1940.66, the Bollinger Bands’ three lines have all diverged downward in sync. For a long time, the range-bound rebounds have never been able to retest the previous high. This is a typical pullback after building a top at high levels. The board has already shown clear reversal-and-weakening signals: overhead resistance keeps releasing sell pressure, and each rebound is accompanied by funds leaving the market. $ETH #SEC警告链上借贷或涉证券监管 ‌