7.23 $ZEC evening analysis

ZEC current price is 516.69, up slightly 0.63% today. The intraday trading range is 505.61-521.35, with total daily trading volume of 382 million. Net inflow of funds on the order book is 17.55 million. On the order book, a large 1.99M USD sell order appeared; selling pressure from above is clear and the market faces strong resistance.
After peaking at the 588.80 phase high, the trend has continued to weaken, and the overall price action has formed a downtrend channel with the highs gradually moving lower. The strength of long-side rebounds is extremely weak; each rebound has been suppressed by large sell pressure. The market has remained in a weak, downward-moving consolidation pattern for a long time; the small intraday rebound is only a brief repair during the decline and has not changed the overall bearish trend. A personal suggestion: #BTC between 520-560, with targets around 500-455 #ETH #BTC走势分析