7.21 Bitcoin Struggles to Reach New Highs, New Volatility Range Established

Old Bao's Cryptocurrency Port No. 363:

Bitcoin's current market cap proportion has returned to normal, while the overall market cap of cryptocurrencies continues to rise.

This can be seen as Bitcoin's price fluctuations are not significant, entering a high-level consolidation range.

Such consolidation should be accompanied by various selling information, resulting in short-term downward volatility.

Then, due to news, a bullish candle may pull it back, so there are no issues with high positions in the short term.

The bottom should first look at 113,000; if it breaks below, then watch for a breach of the 110,000 round number.

PS:

Long articles discuss trends, short articles discuss logic; in the trading market, the most expensive is trading logic, and the least noteworthy are buy and sell points;

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