Morning Silk Road Analysis on 7.23

After a drop of a thousand points in the early hours, the Bitcoin broke through the 120,000 position and approached 120,200. Currently, Bitcoin is slowly retreating, and Feng Kai on the Silk Road suggests focusing on high short positions.

Bitcoin: Around 120,000, 119,500, with targets at 117,000 and around 118,000.

Two Flat: Around 3,750, 3,820, with targets at 3,640 and around 3,700. $BTC $ETH