7.21 Evening BTC Market Analysis

First, let's talk about the MACD. Currently, it is below the zero line with a golden cross, and the two lines are parallel and moving upwards. The energy bars are continuously expanding, indicating that there is short-term rebound momentum being released. However, overall it is still in a weak zone, suggesting that this rebound is more of a repair than a true strong momentum.

Next, looking at the Bollinger Bands, the hourly level has expanded, indicating that volatility is expected to increase. In the afternoon, there was a push to the upper band but it quickly retreated, showing clear resistance. The bullish attack power is insufficient, making it easy to turn into a trap for bulls.

Returning to the market itself, Bitcoin spiked to 119,600 in the afternoon but after a pullback, it entered a high-level consolidation. The market has adopted a wait-and-see attitude, and the rhythm has slowed down.

Trading Suggestions: Plan short positions around 119,400 - 119,800, with a target of 117,200. If broken, then look for 116,000. $BTC #加密立法新纪元 #山寨币突破 #上市公司加密储备战略