The prediction for BTC on the 11th of this month has basically been confirmed today. The price has reached a high of 123,300.
Friends who have been following my articles should know that this rise, starting from 105,000 on July 2, has continued to today. In daily articles, everyone can see me constantly writing about and emphasizing going long, starting from 105,000, with the initial target being above 110,000. After the price broke above 110,000, the target was set at 113,500 starting from 107,500. Finally, after the price broke 116,000, the target was set above 120,000 once again.
During these 13 days, the rise from 18,000 points has captured most of the space.
Market Analysis
1-hour level
In yesterday's article, it was mentioned that after the price broke above 120,000, a pullback was very likely to occur. Now, not only has 120,000 been reached, but the pullback has also unfolded as expected.
But it still needs to be emphasized that a pullback does not mean a trend reversal; the large-scale uptrend has not ended, so one should not be overly bearish. This pullback can first focus on the area around 115,000-116,000, and after reaching it, one can judge the direction based on strength. Personally, I believe that once the price reaches this range, it is still advisable to be bold in going long.
Short-term
A little later until midnight, first observe the support strength around 119,300, and it is expected to rebound or fluctuate after reaching that point. Those who followed the idea to short around 123,000 in the afternoon can take some profits first. If the support strength around 119,300 is not strong, it will further retest around 116,000.#BTC突破12万大关 #BTC走势分析 #BTC $BTC
