7.28 Bitcoin successfully breaks out, Monday market sees peak layout for long-term short! When will the pullback gap of 108000 arrive?

Bitcoin rebounded again after a false bottom support, reaching around the 120,000 mark. Currently, the price is close to historical highs. In the evening trend, the price clearly faced resistance after hitting 119500, and the short-term pressure remains. As long as this line is not broken, bears still have opportunities.

Data shows that BTC's buying and selling power has been basically balanced in the last 12 hours, with key support levels being protected by capital. Major sell orders from the main force are clearly suppressing prices, and combined with the KDJ death cross signal, there are still risks of a downward move in the short term. The current candlestick forms a bullish engulfing pattern, but caution is needed for the bearish signal of three black crows that appeared in the afternoon. Main behavior shows that 118000 is a key point for bulls and bears to contend. Ethereum has once again approached the pressure level near 3850; as long as the previous high is not broken, it still maintains a primarily short position. For friends whose recent market operations have not been ideal, consult btc0796 to find me and discuss the market together.

Operation suggestions:

Bitcoin short at 119300-119800, target around 116000-113000. Defense at 121000.

Ethereum short at 3830-3875, target around 3600-3500. Defense at 3920.