7.18 Early Morning Thoughts

From the daily chart, the price is showing a sideways adjustment pattern with alternating small bearish and bullish candles, but the overall upward structure has not changed significantly, and all indicators are showing a slow upward trend.

On the four-hour level, the price has continuously alternated between small bearish and bullish candles, oscillating around the middle track, with both bulls and bears caught in a short-term stalemate. The Bollinger Bands are gradually narrowing, indicating that the short-term market may continue the oscillating pattern. The MACD indicator shows that the bearish energy bars are continuing to weaken, and the fast and slow lines are approaching a parallel and merging state, signaling a temporary low market sentiment.

In summary, the outlook remains bullish at the daily level, and short-term operations are suggested to focus on swing trades, maintaining a strategy of buying on dips.

Bitcoin can be bought around 117800-118300, with attention to the area around 119500-120000.