7.20 Bitcoin Evening Thoughts

On the four-hour chart, the price has been oscillating around the middle band of the Bollinger Bands, with the three bands gradually converging, indicating that the current market is in a stage of indecision between bulls and bears, and the direction is yet to be clarified.

Although Ethereum remains strong and continues to rise, Bitcoin overall appears relatively weak, lacking effective upward momentum. There are also no obvious breakthrough signals from a technical perspective.

Therefore, from the current structure, my overall direction remains unchanged for the time being, still focusing on shorting during rebounds. If the market is not strong, don't blindly go long; before a trend has established itself, it is safer to follow the weak side. Just because Ethereum can soar doesn't mean Bitcoin can take off as well; clearly understand who is strong and who is weak, and don't confuse the rhythm.

Personal Suggestion

Bitcoin: Enter at 118500-119200, target down to 116800$BTC #GENIUS稳定币法案