7.11 Morning Bitcoin Strategy Analysis

In the early morning, Bitcoin continued to rise sharply and reached new highs, hitting a peak of around 117,500 before stopping and beginning to correct. It increased by more than 7,000 points in a single day, which is indeed quite astonishing. Although such a surge seems a bit abnormal, it is a common phenomenon in the cryptocurrency market. Today, we treat the new high as a defensive position and look for a correction.

Bitcoin: Around 116,000, 116,500 as a target, aiming for 114,000, 113,500.

​$BTC