Friday Afternoon Bitcoin Strategy on 7.11

From a four-hour perspective, after Bitcoin breaks the high point, it experiences narrow fluctuations. Currently, there is some pullback, and we continue to look for a fluctuating market during the day, waiting for the opportunity to rise closer to the high point. Although there are attempts to push the price during the day, it is not advisable to bet on a new high without reaching the previous high point. We should view the high point around 117500 as a resistance.

The market has repeatedly broken the high point, and chasing after the rise at this stage is not appropriate. There is a possibility that previously profitable trades could all return in a round of decline, as the more the price rises, the greater the risk.

Operation Suggestion:

Target around 118000 for Bitcoin, with a goal near 116000

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