July 24 evening quick analysis



BTC today is down nearly 2%, with the price around 1859, and the intraday low at 1846.

Although the decline is much smaller than before, net capital outflows are as high as 80.90 million, indicating that large funds are clearly retreating—this is not a good sign.

BTC is still consolidating around 65,000. For BTC/ETH, short-term support is seen at 1846; if it breaks below, it may move to below 1820. On the upside, 1900 has turned into a resistance level. Current funds continue to flow out; even if there is a rebound, the strength may be limited. Be cautious when trying to bottom-fish, and pay attention to position-risk control.

Personal suggestions:
BTC: place bids around 645-655, target 625-630

ETH: place bids around 1880-1910, target 1800-1760
BTC-1.63%
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