July 29 Bitcoin (BTC) Contract Technical Analysis: In today's aspect, the large cycle daily level reported a small bearish candle yesterday, with the candlestick pattern showing consecutive bullish candles followed by a bearish one. The price is at a high level, and the auxiliary indicators are showing a death cross. In the current larger trend, the price movement is still oscillating within a large range, with resistance at the high points of 120000, 121000, and 123200; and support at the low points of 115700 and 114700. The range is quite large, and neither upward nor downward trends have continued, so the best trading strategy is to focus on short-term trades and find the right rhythm. In the short cycle hourly chart, there was a decline during the European session yesterday, which continued into the US session, touching the support at the low point of 117500 and rebounding. The current candlestick pattern shows consecutive bullish candles, and the auxiliary indicators are showing a golden cross, suggesting that we should look for continued upward movement today. The resistance at yesterday's high point is at 120000, so we will remain on the sidelines for today, as there are no clear trading signals. The focus should be on the strength of the European session and the breakout of high and low points, with real-time arrangements during the trading session. #BTC走势分析 $BTC