7.14 Early Morning Bitcoin Market Analysis

Current Price: 118700. Feng Kai assesses that Bitcoin is currently in a strong upward phase, overall showing a dominant trend. Therefore, Feng Kai believes that in the short term, prices will fluctuate in the 118000 to 120000 range and test resistance levels. The market shows strong bullish momentum, but there will still be pullbacks, with a strategy of buying high and selling low.

Thoughts for Reference:

Buy Bull: Around 118000, with a stop loss at 117000, stop loss of 500 points, target at 119500.

Sell Bear: Around 119600, 119100, with a stop loss at 120000, target at 118400, around 117900. $BTC