July 17th Midday Thoughts

The big pie has been oscillating downwards from 119200 in the morning, probing down to 117600 before entering a sideways range, with fluctuations narrowing. The hourly Bollinger Bands are flattening, with the three bands narrowing, indicating a tug-of-war between bulls and bears, and a short-term continuation of range-bound oscillation may occur. After the MACD cross below the zero line, bearish momentum is being released, with both lines moving downwards, and bullish momentum is weakening, leading to increasing downward pressure.

Operational Suggestion: The big pie can set up long positions in the range of 117500-117000, targeting around 120000. #BTC☀ $BTC