$BTC July 25 major行情 analysis

Looking back at yesterday’s market, the session opened at 646, and a short-term rebound pushed up to the 657 area. With insufficient upward momentum, it failed to break through further. After that, the market continued to range and then fell. In the evening, the shorts集中发力, with price directly breaking through the lower band of the hourly Bollinger band. They then took out the target ranges of 645 and 640 in sequence, with the low dipping to around 636. The shorts’ rhythm was complete and the move was fully realized.
Today opened operating around 640 in the low area, and the current price is consolidating near 641. In the short term, this is only a minor sideways repair after the decline; bulls have not shown a strong reversal signal. The bearish trend has not changed, and in the future the market continues to look lower toward 635.
Resistance above: 655 - 660
Support below: 630 - 620