7.13 Morning Bitcoin Analysis

Bitcoin attempted to break 118800 but encountered resistance and retreated, dipping to 116800 before entering a wide range oscillation between 117000 - 118000, short-term can go short at highs and long at lows.

On the daily level, the price has effectively broken through the upper Bollinger Band, which has turned into strong support. The pullback has not broken it, indicating a clear bullish dominance, and the medium to long-term upward momentum is solid.

On the four-hour cycle, the price is operating near the upper Bollinger Band, with bulls completing their positions.

Bitcoin can be placed near: 116600 - 116100, with a target of 118500 - 119000.

Ethereum can be placed near: 2900 - 2880, with a target of 3005 - 3025.

Market fluctuations are large, control positions and do not fight against the single, change the trend based on real-time strategies. #btc