July 23rd Easy Star Early Morning Silk Road Analysis:

Currently, Bitcoin is fluctuating around 119,000, with a daily high reaching only 119,582. It is evident that bullish momentum is starting to weaken. From the 4-hour chart, there are clear signs of a downward trend, and it is recommended to focus on short positions at high prices and long positions at low prices during the early morning.

For Bitcoin, consider short positions around 119,300 to 120,000, with attention on the lower levels of 118,000 and 116,000.

For the second Bitcoin, short positions can be considered with light leverage at around 3,760 to 3,800, targeting the range of 3,650 to 3,590.

Overall market sentiment is weak; it is advised not to chase long positions blindly. Try to short positions near resistance levels and take light long positions near support levels, while paying attention to position control and stop-loss management.