7.23 Afternoon Thoughts:

The hourly Bollinger Bands are narrowing, indicating a range-bound oscillation brewing for a directional breakout, which requires a market decision. The price on the four-hour chart is near the upper band, with the three bands opening upward, indicating that the bullish trend remains unchanged.

Overall, in the short term, it is bullish with a focus on long positions; wait for a pullback to enter the market, and be cautious of confirming breakouts.

For Bitcoin, look to enter long positions around 117500-118000, targeting 120000 and 121000. #BTC☀ $BTC