7.12 Morning Analysis

Yesterday, Bitcoin surged strongly, repeatedly hitting new highs. In the morning, after a volume spike reaching 117,500, it faced resistance and retraced. Subsequently, it showed a slow upward trend, with the battle between bulls and bears causing a reduction in continuity.

Currently, it is consolidating at a high level. Considering the characteristics of the weekend market, it is expected to maintain a range-bound adjustment. Support at 116,000 is solid, and the hourly chart's bullish trend remains unchanged. It may consolidate and gather strength before a breakout, allowing for early positioning in long positions.

Trading Advice:

Go long on Bitcoin at 116,500-117,000, targeting around 119,000-120,000; #BTC再创新高 #比特币