July has ended, with BTC forming a small bullish Candlestick in July, with upper and lower shadows, indicating resistance above and support below. Overall, it is still a sideways market, running within a "slightly downward sloping parallel channel".

The entire oscillation range is shrinking for both long and short positions, which is in line with the characteristics of the oscillation range, and is also one of the reasons why I personally don't expect a major decline.

From the monthly chart, the trend of the market can be seen more clearly. Currently, the trend is a Bull Market, with a pump in volume and a fall in shrinking volume. This is a very healthy pump trend, and the market data does not indicate any signs of a big dump, but instead is building up momentum for the pump.