7.23 Yi Xing Afternoon Market Analysis:

In the afternoon, the hourly Bollinger Bands continue to narrow, indicating that the market has clearly entered a stage of consolidation and is about to choose a direction.

On the four-hour chart, the price is still running close to the upper band, and the three Bollinger Bands are showing an opening state, maintaining a good bullish trend.

Overall, the short-term is biased towards consolidation, but the medium-term bullish structure remains intact.

In terms of operations, it is recommended to follow the trend, primarily focusing on buying on dips, and to wait for a confirmation of pullbacks before choosing the right opportunity to enter the market.

Trading Suggestions

If Bitcoin pulls back to around 117500 to 118000, consider entering long positions, with targets focusing on the upper range of 120000 to 121000.