7.23 midday analysis

BTC current price 65,681.7, down 0.75% intraday. Intraday fluctuation range 65,505.0-66,399.0. Total trading volume for the day 7.66 billion yuan, with net inflow of 84.43 million yuan in market funds. After the price touched the high point at 66,924.1, it continued to face pressure; the momentum of the bulls’ advance gradually weakened. Profits were continuously taken, and the market entered a high-range consolidation pullback cycle. Market funds saw a small net inflow; there is capital support below, and the room for a short-term deeper dip is constrained.
After this round’s one-way long rally launched from a low level ended, the price repeatedly printed pullback candles in succession, and the upward pace completely slowed down. Currently, it is in the technical correction and repair stage after making new highs. The mid-term uptrend still has uncertainties. Going forward, the key thing to watch is the strength of defense of the Bollinger middle band support. Yi Fan’s personal suggestion: around 66,500-67,000, hollow space; targets around 65,500-64,800 #BTC #ETH #BTC走势分析