July 22nd Bitcoin Market Outlook
Last night, Bitcoin once again entered a volatile phase, which tests one's patience. This morning at 9 AM, Bitcoin made another sharp move down to around 116,000. Fortunately, the prediction was made yesterday that there would be sharp movements in this volatile market, and the support zone between 115,500 and 116,500 perfectly caught it. Those who followed this action made a profit of 1,500 points!
Currently, from a four-hour perspective, the downward momentum of Bitcoin has weakened, and there is hope for further upward movement. However, from a daily perspective, there is still a need for a pullback and adjustment, so today we can pay attention to short-term operations near 116,500. The short-term fluctuations are quite fast, so it may be wise to take profits quickly, prioritizing safety. We will continue to monitor news developments and maintain confidence!
Today's short-term support for Bitcoin is seen at 115,500-116,000, and small purchases can be considered nearby; the short-term resistance above is seen at 119,500-120,500, with small sales considered nearby. (Market changes quickly, remember to protect your investments)
(Personal experience sharing, for reference only❀) $BTC
