Morning Analysis on 7.12

Yesterday, the performance of Bitcoin was strong, repeatedly refreshing its peak points. During the morning session, it surged to the 117500 position but faced short-term pressure and experienced a pullback. Subsequently, the overall trend showed a slow rhythm, with the tug-of-war between bulls and bears slightly lacking in continuity.

Currently, Bitcoin is in a sideways consolidation state. Considering the characteristics of the weekend market, it is expected to maintain a volatile consolidation pattern. From the support perspective, the 116000 level has shown signs of stability 🐧, and the hourly trend remains unchanged. Over the weekend, it may gather strength during the fluctuations in preparation for the next breakout, and early positioning could be considered.

Suggestions

Bitcoin: Buy in the range of 116500-117000, with a target around 119000-120000.

Altcoin: Buy in the range of 2920-2950, with a target around 3100-3150.

#BTC