7.11 Morning Analysis of Bitcoin:
In the early morning, the bulls resumed their offensive, spiking to 116868, after rising over 3000 points from 113000, before retreating to 115700. Our long position arranged at 112700 at midnight took profits, earning 2798 points on Bitcoin and 127 points on Ether. The script was revealed early; trust me, it's not hard to profit.
The market has strong bullish control, with nearly 10,000 points gained in three days and no strong resistance above. The daily chart shows three consecutive bullish candles with increasing volume, while the hourly chart indicates a stepwise upward trend. We expect fluctuations during the day, with a direction to be determined in the evening, still leaning bullish.
Trading Suggestion: For long-term positions, consider placing long orders around 115500, targeting 116000-117000; for short-term, one can enter a short position at the current price to catch a pullback.