$BTC From the daily chart perspective, the short-term attempt to break the historical high has failed, resulting in a pullback after reaching a peak. It has accurately retraced to the trendline below, but the trading volume has not increased, and there is support from MA30. Therefore, a short-term pullback to around 118000 is reasonable. After a consolidation, BTC will continue to challenge the resistance level of 123000 and is expected to reach a new high again.

I mentioned it the day before yesterday, the cloud map system indicates that the daily level is already in the bottom area and will welcome a rebound.

Now it has indeed approached the trend line, and the next focus is on whether it can effectively break through and stabilize. If the breakthrough is successful, the trend will continue to rise, with upper resistance levels at 120,000 and 123,000, and after a strong breakout, continue to look towards around 140,000.

The view remains unchanged: continue to be bullish.

The probability of a rate cut in September is already very high, combined with indicator recovery, the current MACD daily line has also returned to zero, in line with the rhythm of a daily level rally.

But ultimately—

You need to first understand how you play, then decide how to trade.

Recently, many people have been asking me: If you are bullish, have you opened a long position?

I clearly state, I do not touch contracts.

Not because I can't, but because I know myself too well.

Technically, I can play contracts and make money 10 times, but as long as I don't stop loss once, it will all be gone. I have experienced this crash countless times, so I simply gave up completely.

Spot trading can also be profitable, the most important thing is: I sleep well, and my emotions are not led by the market.

You can play contracts yourself, but don’t impose your way on others.

Recognizing oneself is the most core 'fundamental' in trading. $BTC