July 24 BTC midday analysis

From the current BTC 1-hour chart, the price is trading sideways around 65,374, with a day-to-date decline of 0.40%. The high and low points are gradually converging, and in the short term it is in a consolidation phase after a pullback.

The funding flow is showing net outflows, indicating that the market lacks strong willingness to chase higher prices and there is some profit-taking pressure. In terms of candlestick structure, the price rebounded after finding support around 64,600, but the 65,500–65,800 area above serves as short-term resistance, and there is not strong breakout momentum. Overall, the short-term trend is neutral and consolidative, with no clear direction. Keep an eye on changes in trading volume; if volume continues to shrink, there remains a risk of revisiting prior lows.

Resistance level: 65,800. Support level: 64,600. #夏日创作营