Evening thoughts on 7.22

Currently, it seems that the pressure level around 119000 points can be broken once it is breached, but the upward trend is limited, and pushing through won't be easy. Therefore, we still look at the pressure level around 119500 points.

At present, the price of Bitcoin has been testing the upper support, and from the 1-hour K-line of Bitcoin, the price is running near the upper Bollinger Band, indicating it should spike upward.

The evening still follows a high short strategy.

Recommendation: For aggressive traders, short at the current price with a target of 118000-117000 for a continued downward breakthrough. For conservative traders, wait and see for a while to see if there is a continued rise before choosing the right time to enter.

Short at 3710 with a target of 3650, stop loss at 3730.