7.22 Morning Thoughts

The four-hour Bollinger Bands are in a contracted state. After a previous large bearish candle broke below the lower band, bulls rebounded, pushing the price back above the lower band. Overall, it still maintains a small range oscillation pattern. Morning operation suggestion: wait for the price to pull back before placing long positions.

For Bitcoin, it is recommended to place long positions around 116500-117200, targeting 118400 and 119000. If broken, it can continue to look downward; if not broken, consider trying a reversal.