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$BTC July 25th, boss’s midday analysis
At the morning open, the lowest dipped to 638, then the market continued to trade sideways and consolidate around 640. The intraday fluctuation range was only about 300 points, and the chart entered a narrow-range tug-of-war phase.
In the midday session, the price slightly probed upward toward the 641 line. In the short term, the key resistance is concentrated around the hourly Bollinger middle band 643-645.
In the near term, the market will most likely keep going back and forth within the middle band, and it is temporarily difficult to break into a one-way trend.
The trading approach is mainly to sell at the top of the range and buy at the bottom, focusing on setting up positions based on resistance levels, with selling at the highs…