7.23 Afternoon Thoughts:

The hourly Bollinger Bands are narrowing, indicating a range-bound consolidation and a potential directional breakout, which requires market decision. On the four-hour chart, the price is near the upper band, with the three bands opening upwards, indicating that the bullish trend remains unchanged.

Overall, in the short term, it is more bullish. Focus on bullish operations, wait for a pullback to enter, and be cautious of breakout confirmation.

For Bitcoin, look to buy near the pullback of 117500-118000, targeting 120000 and 121000.