7.19 Afternoon Analysis of Bitcoin Strategy:
The 120,000 level has become a roadblock. Bitcoin surged yesterday but then fell back. Trading volume has clearly lagged, and the rebound momentum is getting weaker, making it very difficult to move upwards in the short term; the outlook is not optimistic.
Trading Advice: Short at 118,300-118,800, targeting 117,000-116,000. Range trading, with controllable risks and expected returns.
