$BTC July 24 Major Leader Market Recap

The opening today was at 646. Yesterday, I set targets in advance: the first target at 650, and the second target at 645. During the day, the rebound pushed up and was only one step away from 645; then, bulls weakened and kept probing higher. In the afternoon, the price surged to reach the intraday high point of 657.
Even though this rebound occurred, I clearly emphasized that the larger trend has not changed at all, and we still maintain a bearish mindset. Sure enough, after the push to the highs, the afternoon saw bearish momentum release and the market turned downward. Bullish momentum completely decayed, successfully reaching the target level of 645, and then breaking through support further to set a new intraday low at 636.
Current price is running close to the lower band of the hourly Bollinger line, and short-term bearish selling pressure is still being continuously released.
Going forward, continue to look downward toward the target range of 635-630.
Don’t blindly chase shorts all the way down—be careful of a technical rebound. For rebounds, focus on the resistance area near 650. If the rebound reaches this zone and stalls, that is the opportunity to go with the trend for a short-term setup.