BTC Trading Strategy | July 23rd, Early Morning

Current BTC bullish structure is good, main players are repeatedly washing positions around 119000, funding rate is healthy and not overheated, liquidation chart shows there are still short positions above that haven't been cleared, expected to have upward momentum.

📊 Strategy Suggestions:

➤ Long Entry: 118000 (light position)

🎯 Take Profit Area: 119800-120500

⚠ Stop Loss: 117500

📉 If it breaks below 117500, wait for a long entry at 116000;

📈 If it breaks above 120500, hold the position and follow up to the target of 123000.

🧠 Position Suggestion: Keep within a total position of 20%, do not go all in.

#BTC #MarketAnalysis #LongShortRatio #LiquidationChart