7.23 Early Morning Silk Road Analysis

Currently oscillating around 119000, with a daily high barely reaching 119582, the momentum is clearly weakening. According to the 4-hour chart analysis by Feng Kai, there are obvious signs of a decline. In the early morning, the recommendation for Bitcoin is to sell high and buy low.

Bitcoin: Looking to sell around 119300, 120000, and support at 118000, 116000.

Altcoin: Looking to sell around 3760, 3800, with support at 3650, 3590. $BTC $ETH