7.22 Bitcoin 4-Hour Strategy Analysis

Currently, Bitcoin is operating around 119100, having rebounded more than 2000 points during the day. The overall structure still maintains a range-bound oscillation and has not effectively broken through the previous high resistance zone.

From the 4-hour chart, the K-line has re-established support at the 118500 level, showing a short-term bottoming recovery pattern. The MACD golden cross continues to expand, and the bottom divergence signal is gradually being confirmed, suggesting that the bulls are likely to continue pushing upwards. The upper resistance area of 119800-120000 still needs to be closely monitored. If it breaks and stabilizes above, it may challenge the previous high of 120951.

In terms of trading volume, the recent two K-lines have shown significant volume increase, indicating that this rebound is supported by capital. As long as it does not fall below 118000, the downside space is limited, and the short-term bullish sentiment is more favorable.

Trading Suggestion:

Long positions with light orders in the 118800-119200 range, target: 120000, if it breaks, look for 120800-121000 with a stop-loss at: below 117800 to exit and observe.

Before breaking the range structure, do not blindly chase highs; quick in and out is more prudent. Only add positions when there is significant volume on the breakout. $BTC #加密立法新纪元 #上市公司加密储备战略 #稳定币监管风暴