7.21 Evening Bitcoin Analysis:
The bullish pattern continues, with the price center constantly moving up, and both highs and lows rising together, the trend structure remains healthy.
This wave of momentum is a standard strong upward trend, and the pullbacks are a normal correction during the upward process, definitely not a trend reversal. Remember, in a bullish market, fluctuations and declines are mostly for building momentum, rather than indicating a peak. In terms of operation, it is still safer to buy on pullbacks.
Operation Advice: The support area for Bitcoin is locked at 118400-117900, and a pullback to this range is a good opportunity to go long, with clear targets of 120000-121000
