7.11 Midday Analysis

After both broke through the resistance point, they entered a narrow range of fluctuations. Currently, they have begun to return, and the white board is likely to continue the volatile trend. Even if the white board shows some gains, it is not recommended to bet on new highs, as the risks are higher after multiple breakouts. Earlier, the gains may have been due to downward adjustments and the larger the position, the higher the risk.

Suggestions

Big Cake: Retracement to around 118400-118950, target looking at 107750-107200

Second Cake: Retracement to around 3030-3055, target looking at 2860-2815 #BTC