Market Analysis for Wednesday, 7.16 Early Morning
Bitcoin remains under downward pressure, with the key support level at 115 needing close attention. As night falls, the bearish sentiment has not diminished, and the ongoing trend still looks promising.
In the short term, even if there is a small-scale rebound that can recover some lost ground, it is unlikely to shake the overall downward trend.
Trading Strategy: Short Bitcoin around 117500-118500, targeting 115000-110000
