On July 17, the Bitcoin moving average shows a bullish arrangement, with strong resistance at $120,000-$122,000 and support at $115,000-$117,000.

The 4-hour MACD shows a golden cross, with momentum slightly decreasing; RSI is near overbought, indicating a risk of pullback.

The daily Bollinger Bands are opening up, with the price near the upper band, and the 4-hour middle band serves as short-term support.

There is a short-term bullish pattern, but caution is needed for overbought pullbacks; operate carefully!

Bitcoin: 11800, 117500, target 125000!