7.10 Bitcoin Morning Strategy

From the current market perspective, Bitcoin surged violently in the early morning, successfully breaking through the historical high and touching the 112,000 level again. From the four-hour level, a massive bullish candle pierced through the upper band from below and stabilized after a pullback. The daily chart shows a volume increase with two consecutive bullish candles, and the moving averages are in a bullish arrangement. The market sentiment has transformed from weak to strong, and in the morning we should follow the trend and place buy orders at lower prices.

Trading Suggestion: Close to 111,500, target around 110,000, with short-term defense only.