7.22 Early Morning Market Analysis | Bitcoin Yita

Bitcoin rebounded after deeply touching the 117700 line, reaching a high of 119200, and then fell back under pressure, currently hovering around 117400.

Yita started to rise near 3755, peaked at 3860, and then retraced gains, currently oscillating around 3770.

Looking at the four-hour chart, the bearish momentum continues to be released, gradually breaking below the middle track, overall rhythm is bearish.

The hourly chart continues to show weakness, with rebounds lacking volume, and bears are dominant.

Bitcoin: If it rebounds to the 118000-118500 range, consider shorting first, targeting downward to 116500-116000. If there is no rebound, a short-term attempt to go long with a light position for a rebound may also be considered.

Yita: Focus on the 3788-3818 resistance zone, if the rebound does not surpass this, consider shorting, targeting towards 3718-3688. If the market directly weakens and oscillates, a light position may be attempted to go long for a rebound. $BTC $ETH #以太坊突破3700 #GENIUS稳定币法案 #山寨币突破