7.20 Bitcoin Auntie's Morning Thoughts
From the current market situation, the overall trend is still in a downward oscillation pattern. The price has pulled back to the 117200 level during the early hours, and there is a lack of obvious volume signals in the short term, making the possibility of an effective breakout low.
From the four-hour perspective, the three lines of the Bollinger Bands are nearly parallel and diverging, indicating a relatively balanced tug-of-war between bulls and bears, with the market in a transitional period of directional choice. In terms of MACD, the fast line has gradually approached the zero axis, showing clear signs of weakening momentum, and the price is operating between the middle and lower Bollinger Band, presenting a small K-line adjustment pattern of fragmented upward and downward movements, with a tendency to continue testing the support of the lower Bollinger Band in the short term.
Therefore, the morning's operational strategy does not need to be adjusted, still focusing on shorting from high points and assisting with rebounds, responding to the trend.
Bitcoin: 118200-118800 enter long, target downward to 117500-116000, with a long-term view still at 108000.
Auntie: 3600-3635 enter long, target downward to 3520-3450.
