According to the current market situation, the four-hour level shows a trend of three consecutive bearish candles breaking through the middle band of the Bollinger Bands. All moving average indicators are showing a downward trend, but the second round of pullback has not broken the overall upward structure. The overall market remains within an upward channel. Considering the previous trend, the current pullback is merely a technical adjustment after the price reached a high. From the one-hour perspective, the market has broken down through the lower band of the Bollinger Bands with consecutive bearish candles, but there is a long lower shadow beneath the current bearish candle. This wave of pullback is likely a result of short-term panic caused by news affecting the market. Currently, the KDJ indicator shows all three lines turning upward. Therefore, we will adopt a strategy of buying on dips in the evening session. #美国7月PPI年率高于预期

Buy Bitcoin around 118500, target at 121000.

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