Analysis of the Afternoon Market Trend for Bitcoin on July 22

In the morning, Bitcoin experienced a significant pullback, with prices dipping down to around 115,800, followed by a quick rebound to around 118,000!

From the current market trend, after the morning pullback, the bearish momentum has been greatly consumed, and the technical pattern remains relatively stable. The bulls have shown some support around 116,000, and the probability of a bottoming out in the short term is relatively high. The market still suggests looking for low positions to buy!

It is recommended to buy Bitcoin in the range of 116,000 - 116,500, aiming sequentially for 118,400, 119,300, and 120,500.