7.17 Bitcoin Afternoon Thoughts

The range trend is still quite clear. The upper barrier of 120,000 has not been breached, and the subsequent rebound highs are slowly moving downward, indicating that the strength of the bulls is gradually weakening. The key level below is 117,000; once it breaks, the downward space may open up. However, as long as this level holds, the short-term market is likely to continue oscillating within the range. For this afternoon, I will temporarily maintain a bearish outlook.

Personal Suggestion

Bitcoin: Enter at 118,500-119,000, with a target looking down at 117,000. If it breaks below, look at 115,000; if it holds, consider going long $BTC #特朗普施压鲍威尔 .