Closing at $BTC , breaking 120, did not drop to around 115 as expected.

Recently, the Asian market has been quite aggressive during the day. There are no significant news events this week; if Bitcoin maintains its upward strength and breaks 121, we will have to see if it can again challenge the previous high of 123.

Still maintaining caution; without breaking 121, we cannot firmly take a bullish stance. Tonight there will be a cryptocurrency report, and on July 31 there is a Federal Reserve meeting. Although the probability of the Federal Reserve not lowering interest rates is high, we should still be prepared for a sudden rate cut.

In this market, a better choice is to take profits and reduce positions partially to cope with the risks of uncertainty.