7.13 Bitcoin Market Trends and Key Points

To put it bluntly, the current upward trend of Bitcoin is unhealthy. I would prefer a pullback to around 114300 for consolidation before moving higher; otherwise, there may be a risk of a significant correction or violent spikes. Additionally, the high funding rates for Bitcoin should also be noted. This is something for everyone to keep in mind.

Key Reminders:

• The 113700 line is a critical defensive level for bulls. If it breaks and is not quickly reclaimed, long positions should exit.

• Be wary of the mindset of 'holding until 150,000'; securing profits is the true gain, and one should avoid profit retracement or stop losses.

Emergency Strategies:

1-2 Hour Chart: A break above 118150 targets 118886-119537, and a break below 1182310 would establish a trend.

4 Hour Chart: A break below 117190 targets 116400-115250.

Just a reminder to pay attention to market energy fluctuations! Class dismissed!