Analysis of Bitcoin Aunt on Wednesday Afternoon, July 23
In the morning session, the market retreated from a high point of 120000 to around 118500, currently maintaining a range of 118600. Observing the 1-hour chart, although there is a signal of bearish volume breakdown, the downward momentum has weakened. The upper resistance to watch is 119200, and the lower support to note is 118000. The 4-hour chart shows bullish volume contraction and a focus on the support level of 117500 and the resistance level of 120300. Currently, it is recommended to maintain a range trading strategy and wait for a breakout to confirm the direction.
Trading Suggestions:
🌱 Go long on Bitcoin around 1181-1183, target around 1203
🌱 Go long on Aunt around 3650-3670, target around 3810
