$BTC July 26 Major’s market outlook analysis

Looking back at yesterday’s price action, the downtrend rhythm continued. After hitting a low of 638, there was a modest rebound; the intraday high only reached 642. The entire day maintained a tight range of consolidation. In the afternoon, it pulled back again to the 637 low, and the battle between bulls and bears remained relatively calm.

After today’s opening, the market began a repair rebound. Currently, it has surged to a highest point of 644, with the price breaking above the upper band of the hourly Bollinger band. The first key short-term resistance lies at 645. If it can effectively break through with increased volume, the rebound potential will be further opened up.

Resistance levels above: 648 - 660
Support levels below: 635 - 625