Crash warning! $BTC may face a deep correction!
From the daily chart perspective, after a long upper shadow candlestick formed on July 14, I judged a correction was necessary. Yesterday, it indeed closed with a bearish candlestick and a lower shadow, indicating that the correction encountered support, but it may continue today. The key is to see if the 115500-115000 range can hold.
On the four-hour chart, it is still oscillating within the 115500-118500 range. Keep an eye on these two positions over the next couple of days: if it breaks above 118500, it will push toward 120000; if it falls below 115500, it may drop to 113500-112000.
In terms of trading, if it doesn't break above around 118500, go short; if it doesn't break below around 115500, go long. Regardless of whether you are holding short or long positions, you must prepare a plan for adding to your position in advance, and strictly implement stop-loss and take-profit strategies without ambiguity.
The current market is choosing a direction, so I recommend flexible operations and not holding on stubbornly.
If you're chasing highs and cutting lows without direction, follow the footsteps of @杠杆女帝 , and pay attention to PUMP, SUI, BONK recently.
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