7.24$SNDK Midday Analysis

The “gu-dan” we shared with everyone yesterday also directly moved, with nearly 100? In the current market under a downward phase, the trading volume significantly surged, indicating that short-sellers’ sell pressure was concentrated and released; in the late stage of the drop, the price steadied and made a small recovery, while the trading volume shrank at the same time, meaning the dip-buying and support capital was insufficient. The rebound lacks volume to support it, so a sustained reversal and uptrend is difficult to achieve in the short term.
Throughout the entire process, bearish full-body candles dominated continuously. During the rebound, the candle bodies were small and the wicks were extremely short, leaving very limited upside room. The highs kept stepping down one level after another, while the lows kept being refreshed; with no bottom-reversal K-line combination, the short-selling trend fully holds control of the market’s initiative. One personal suggestion: around 1633-1693 “near-gu-dan,” with targets around 1560-1510#BTC #ETH #BTC走势分析

Pressure Zones
1. First short-term resistance: 1570.02 (MA7 short-term moving average, nearby suppression level)
2. Strong medium-term resistance: 1591.73 (MA25 moving average, an important watershed in this round of decline)
3. Stage-heavy overhead highs: 1633.13, 1694.39

Support Zones
1. Immediate short-term support: 1558.88 (the low of this intraday down move)
2. Intraday extreme support: 1547.51 (24h low price)