07:32
Gate today market analysis: BTC selling pressure dominates, ETH approaches "overbought" indicating a correction.
Bitcoin (BTC) has fallen approximately 2.10% in the past 24 hours, forming a bearish candlestick pattern, with the lower wick indicating limited buying support at lower levels. Technical Analysis shows that lower highs and lower lows confirm the downtrend, with selling pressure prevailing. On July 31, BTC ETF saw an outflow of $114 million, with IBIT inflowing $18.6 million and FBTC outflowing $53.6 million.
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