Evening Analysis of the Big Cake on July 14

Looking at the 4-hour technical chart, the signals are somewhat contradictory: the Bollinger Bands are expanding upwards, indicating strong bullish momentum with the price likely to continue rising, and the short-term volatility range is increasing, which means volatility is expected to rise; however, the MACD indicator is showing a trend of forming a death cross at high levels, suggesting that bullish momentum is shrinking, and there are signs of a top divergence, which implies that bullish strength may weaken, and the price could correct. It is recommended to sell high and buy low.

If the price corrects to the range of 119500 - 121000, it would be a good opportunity to go long, with a stop-loss set at 500 points (meaning if it drops to 119000 - 120500, one should exit the trade), targeting 125000.

For a light short position, enter the market in the range of 123000 - 123500, with the same 500 points stop-loss (if it rises to 123500 - 124000, exit the trade), targeting 119000. #BTC突破12万大关 #美国加密周 $BTC