Midday Analysis

The bearish momentum has increased and reached the middle track support, with attention on 116800, secondary line 115800 below, and 118800 above. The 4-hour level shows a slight bearish contraction forming a small range fluctuation, attention should be paid to the breakthrough at 118500 and support at 116000.

The hourly line shows an increase in bullish momentum forming a small range breakout, looking at 118000 above.

Weekend daytime suggests buying near the pullback at 117300-117000, with targets at 118500 and 119000. $BTC #美国7月PPI年率高于预期