Midnight Thoughts on Bitcoin 7.18

Currently, Bitcoin has reached a new high almost every two days, appearing to be on a roll. However, behind this surge is not a result of enthusiastic buying.

On the contrary, what is truly driving the price upward is the market's sentiment of "reluctance to sell"—nobody is willing to sell. Most holders are not steadfast believers in bullish trends but rather opportunists who follow the wind. Once the market changes direction, these individuals are likely to rush in and sell off their holdings.

Because of this, the closer one is to the center of the storm, the more one needs to maintain composure and stay calm. My current overall direction is still bearish!

Bitcoin: Enter the range of 119800 - 120400, with the first target at 117300. If it effectively breaks below this, further attention should be paid to 115000. The long-term outlook remains at 108000 without wavering! $BTC #比特币巨鲸动向