$BTC August is already in mid-month, Bitcoin has once again set a new historical high of 124500 this week. Ethereum is also approaching its previous high, reaching the 4780 area. This week, the market has surged across the board under the influence of CPI and the main force of the old special. In this week's strategy, we have repeatedly indicated a bullish outlook, and the targets provided have generally been realized. After the price increase, the market has also given a certain pullback correction, with Bitcoin facing pressure on its second attempt to reach a high. In the short term, attention needs to be paid to the market's pullback situation.

From the current weekly K-line chart, the overall rhythm is in a wave-like upward pattern, and after each round of highs, there is a similar oscillation and adjustment process. Currently, the third wave pattern has been released, and the short-term K-line has shown two long upper shadows, indicating that the market's second attempt to break the high has not continued, with strong pressure from above. If there is a second test that does not break, caution should be taken regarding the market's pullback. Secondly, although there has been a surge in the short-term daily trend, it has not effectively stabilized above the integer level. In the short term, it is likely to return to a box structure again. Even if it breaks 120,000, it cannot continue to rise, and we should maintain a bearish outlook. The lower support should first focus on around 112,000, and if broken, look further down. #美国7月PPI年率高于预期