July 15 Daily Market Analysis
Bitcoin is currently approaching the key support level of 117,000, with the market entering a stalemate phase. If this level is breached, the market may release downward momentum, with short-term targets pointing to around 115,000 or even 113,500—this will be a true test of bullish confidence.
However, if 117,000 holds, the market may still aim for a second attempt at 120,000, maintaining a strong upward oscillation at high levels.
From the daily chart structure, a healthy bull market is never afraid of pullbacks; it is only afraid of missed opportunities. The truly ideal golden retracement zone still lies around 110,000—if this can be reached, it will be a place of belief for medium-term investors.
