$BTC July 25 Evening Analysis by the Boss

Earlier at noon, I made it clear: the near-term overhead resistance is concentrated in the 643-645 range. After that, the price action kept oscillating around 640 in the afternoon, with daily highs only touching 642. It repeatedly tested upward, but always failed to break through the key resistance at 643.
From a technical pattern perspective, the hourly Bollinger Bands channel has continued to contract and narrow, and the market is building up energy through consolidation. The strength of the bulls’ counterattack is severely insufficient; multiple attempts to push through resistance have failed, making the weak setup clear.
The sideways consolidation is just a brief pause in the ongoing downtrend. In the future, we’ll continue to look lower, with the target range at 635-630.