Saturday, July 19 Bitcoin Early Morning Analysis:

Bitcoin has been fluctuating at high levels during the day but failed to stabilize above 120,000. In the evening, after the U.S. stock market opened, there was a rollercoaster-style decline.

Pay attention to 119,000 at night:

▶️ If the 1-2 hour level rebound fails to hold above this position, it indicates insufficient strength in the small-level rebound, and it will continue to pull back. Support below can be focused on around 117,200 and 116,000;

▶️ If the 1-2 hour level stabilizes above 119,550, then it will continue to rise. Resistance above can be focused on around 120,830 and 122,030. $BTC