7.22 Bitcoin Trend Analysis:
Trend:
From a technical perspective, the weekly level of Bitcoin indicates a demand for a pullback this week. Last week, it peaked at 123300 with a high position bearish candlestick. The main theme this week can follow the technical analysis, focusing on rebounds to short.
At the daily level, the candlestick has oscillated downwards. Although the support around 116000 is currently effective, once it breaks, it will accelerate the testing of new support levels.
Points:
As long as the oscillation repair has not broken the level, continue to trade the oscillation!
Short near 119600, target 116500!
Long near 116300, target 119600!
